Earnings from Umpqua Holdings Corporation [UMPQ] are scheduled on April 21, 2021, after the market closes. It is expected that the company will report strong earnings for the quarter ending Mar 2021.
UMPQ Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.44 per share on revenue of $326.6M. Taking a look at the future, the company is projected to report revenue of $316.12M at an earnings per share of $0.42 for the Jun 2021 quarter. The estimates represent year-over-year improvements of -2.50% in revenue and -0.66% in earnings per share for the company.
UMPQ Stock Earnings Forecast For The Current Year
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For the full financial year, Umpqua Holdings Corporation [NASDAQ:UMPQ] is forecasted to generate revenue of $1.25B. The figure is about $-40.0 million below what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $1.66 in 2021, which is $8.58 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 124.00% this year, -0.60% next year, and 10.00% annually over the next five years. With regard to sales, forecasts suggest a decline of -3.40% in current fiscal year and -2.50% over following year.
UMPQ Stock Price Performance
At recent check today, Umpqua Holdings Corporation [NASDAQ:UMPQ] finished up 0.72% at $17.59. The stock’s day high price was $18.195, and its lowest was $17.405. Its price fall -2.35% in the last five days. Since the beginning of the year, Umpqua Holdings Corporation’s shares are up nearly 15.39%. However, the share price is -8.55% below its one year high. The top price reached by the shares of the company was $19.24 on 03/18/21, while the 52-week low came on 01/29/21, when the shares were $14.49. In the past year, shares of the company have risen 57.25%. At 50 days, the moving average achieved is $17.67 while at 200 days, the moving average is $14.17. There were 0.59 million shares traded in the last session, down from 1.52 million in the previous session.
Umpqua Holdings Corporation [NASDAQ:UMPQ] Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 3.76 PS value ratio is reported for the last one year of reported earnings. This is above the average return 2.71 for the industry, which means UMPQ offers an unattractive investment opportunity than its competitors do.
UMPQ Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 17.66 level, and the violation of this level will cause a further drop to 17.18 level. At the upper end, 18.76 remains a key resistance. As the stock increases, it may find resistance at 18.48. In the 14-day chart, the Relative Strength Index standing at 46.44 suggests a technical neutral stance while the MACD standing at -0.06 indicates price will decrease in the next trading period. Stochastic %K at 40.62% suggests holding the stock while Percent R indicator at 62.85% suggests low price movement.
How much is the short interest in Umpqua Holdings Corporation?
There have been a drop in short interest in the Umpqua Holdings Corporation Financial stock, with short interest down by -1.23 million shares to 3.56 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 2.33 million shares. This 34.55% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 1.07% of the overall float in the stock, while the stock’s days to cover moved to 1.28.
How do analysts view Umpqua Holdings Corporation?
In regard to the share price forecast for Umpqua Holdings Corporation stock, the analysts, as surveyed by FactSet, forecast the price to reach $20.00 in the next twelve months, representing almost an 12.05% growth from its recent price of $17.59. Among Umpqua Holdings Corporation stock projections, $22.00 is the highest analyst target for the stock, while $18.00 is the lowest. Despite this, 9 analysts who share their consensus rating for UMPQ in 2021 agree that the stock is an Overweight. The latest rating change took place on 10/27/20, when JP Morgan Ratings downgraded the stock from “Neutral” to “Underweight.”