Wednesday, May 18, 2022

What to Watch When Equity Bancshares Inc. [EQBK] Reports Quarterly Earnings

Earnings from Equity Bancshares Inc. [EQBK] are scheduled on April 20, 2021, after the market closes. It is expected that the company will report strong earnings for the quarter ending Mar 2021.


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EQBK Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $0.56 per share on revenue of $38.51M. Taking a look at the future, the company is projected to report revenue of $38.71M at an earnings per share of $0.58 for the Jun 2021 quarter. The estimates represent year-over-year improvements of -0.20% in revenue and -2.39% in earnings per share for the company.

EQBK Stock Earnings Forecast For The Current Year


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For the full financial year, Equity Bancshares Inc. [NASDAQ:EQBK] is forecasted to generate revenue of $153.46M. The figure is about $-5.22 million below what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $2.22 in 2021, which is $7.07 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 145.80% this year, -2.30% next year, and 10.00% annually over the next five years. With regard to sales, forecasts suggest a decline of -3.30% in current fiscal year and -0.20% over following year.

EQBK Stock Price Performance

At a recent check today, Equity Bancshares Inc. [NASDAQ:EQBK] finished down -1.34% at $28.02. The stock’s day high price was $28.73, and its lowest was $28.30. Its price fall -0.46% in the last five days. Since the beginning of the year, Equity Bancshares Inc.’s shares are up nearly 31.54%. However, the share price is -6.16% below its one year high. The top price reached by the shares of the company was $29.86 on 03/08/21, while the 52-week low came on 01/04/21, when the shares were $20.95. In the past year, shares of the company have risen 73.59%. At 50 days, the moving average achieved is $27.14 while at 200 days, the moving average is $20.52. There were 23971.0 shares traded in the last session, up from 16900.0 in the previous session.

Equity Bancshares Inc. [NASDAQ:EQBK] Stock Valuation Metrics

Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 2.64 PS value ratio is reported for the last one year of reported earnings. This is below the average return 2.74 for the industry, which means EQBK offers an attractive investment opportunity than its competitors do.

EQBK Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 28.02 level, and the violation of this level will cause a further drop to 28.22 level. At the upper end, 29.08 remains a key resistance. As the stock increases, it may find resistance at 28.91. In the 14-day chart, the Relative Strength Index standing at 49.86 suggests a technical neutral stance while the MACD standing at 0.57 indicates price will decrease in the next trading period. Stochastic %K at 81.65% suggests selling the stock while Percent R indicator at 41.13% suggests low price movement.

How much is the short interest in Equity Bancshares Inc.?

There have been a drop in short interest in the Equity Bancshares Inc. Financial stock, with short interest up by 12450.0 shares to 0.14 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 0.16 million shares. This -8.65% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 1.16% of the overall float in the stock, while the stock’s days to cover moved to 4.15.

How do analysts view Equity Bancshares Inc.?

In regard to the share price forecast for Equity Bancshares Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $30.50 in the next twelve months, representing almost an 8.13% growth from its recent price of $28.02. Among Equity Bancshares Inc. stock projections, $32.00 is the highest analyst target for the stock, while $26.00 is the lowest. Despite this, 4 analysts who share their consensus rating for EQBK in 2021 agree that the stock is an Overweight. The latest rating change took place on 7/16/20, when DA Davidson Ratings downgraded the stock from “Buy” to “Neutral.”

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