NASDAQ: ABCB (Ameris Bancorp) announced the press release of the second quarter financial results will happen in the coming week. On July 27, 2020, ABCB’s Chief Executive Officer, Mr H. Palmer Proctor will announce it via a teleconference and will answer a few of the questions. The market experts believe that Ameris Bancorp can deliver a decline in its earnings in the second quarter due to its higher revenues as compared to the first-quarter results. Are you thinking about adding up ABCB in your watchlist? Check out the below information!
Ameris Bancorp company profile:
NASDAQ: ABCB at https://www.webull.com/quote/nasdaq-abcb is a one-bank holding company in Atlanta, Georgia. It is the parent company of Ameris Bank (Georgia’s state-chartered bank). ABCB has more than 150 branches in Georgia, Florida, Alabama, and South Carolina.The company’s widely-known profile outlook is important to picture the company’s earnings. Indeed, it is a powerful factor to influence ABCB’s stock pricing. But, it is very critical to estimate future results based on the current results. ABCB’s second-quarter earnings report might help the stock pricing to move higher. On the contrary, the stock may lose more value.
Current stock pricing declined:
Today NASDAQ: ABCB stock pricing went down by 2.51% which is equivalent to -0.54 USB per share. The stock market opening value was 21.31 which the highest peak value was 21.65 and the lowest value was 20.79. ABCB’s market capitalization value is now 1.46 Billion with a P/E ratio of 9.19. ABCB’s current dividend yield is at 2.86% and its previous stock market closure pricing was 21.54. Also, its 52 weeks’ high value is 44.90 and 52 weeks’ low value is 17.12. It is expected to have second-quarter earnings of $0.61 per share. It represents ABCB’s year-over-year earnings change of -36.5%. Overall company revenues can be $218.95 million, which is 60% higher from last year’s value.
What to expect next?
In the first quarter, many expected that Ameris Bancorp would post per-share earnings as $0.75, But, the produced per-share earnings were $0.56. So, ABCB delivered a surprise per share earnings decline by -25.33%. ABCB’s EPS estimate for the second quarter can go 5.13% lower as compared to its last 30 days’ value. This is a reflection of how the NASDAQ: ABCB share pricing might go low like today. Now, it is even difficult for marketing analysts to say what can happen next even after going through their initial estimates report.Now, investors should know that an aggregate change doesn’t always reflect correct future estimates. So, it’s best not to gauge the upcoming fiscal quarter results. You can check more stock news at buy stocks app. Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.