Benzinga | Jul 28, 2021 10:40AM EDT

Earnings Preview: Financial Institutions

Financial Institutions (NASDAQ:FISI) releases its next round of earnings this Thursday, July 29. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Wall Street analysts see Financial Institutions reporting earnings of $0.8 per share on revenue of $36.02 million. Financial Institutions reported a per-share profit of $0.67 when it published results during the same quarter last year. Sales in that period totaled $34.18 million.

Why Analyst Estimates And Earnings Surprises Are Important

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to match the consensus estimate when it reports Thursday, earnings would be up 19.4%. Revenue would be up 5.38% from the year-ago period. Financial Institutions's reported EPS has stacked up against analyst estimates in the past like this: Quarter Q1 2021 Q4 2020 Q3 2020 Q2 2020EPS Estimate 0.76 0.70 0.48 0.27EPS Actual 1.27 0.84 0.74 0.67Revenue Estimate 36.59 M 35.77 M 33.17 M 33.73 MRevenue Actual 37.86 M 36.18 M 35.50 M 34.18 M

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

Shares of Financial Institutions were trading at $29.09 as of July 27. Over the last 52-week period, shares are up 94.61%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Financial Institutions is scheduled to hold the call at 08:30:00 ET and can be accessed here.