Benzinga | Oct 18, 2021 02:11PM EDT

Old National Bancorp's Earnings Outlook

(NASDAQ:ONB) is set to give its latest quarterly earnings report on Tuesday, 2021-10-19. Here's what investors need to know before the announcement.

Analysts estimate that Old National Bancorp will likely report an Earnings Per Share (EPS) of $0.36

Old National Bancorp bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat on EPS by $2.5, which was followed by a 0.93 increase in the share price the next day.

Here's a look at Old National Bancorp's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 0.40 0.41 0.38 0.33EPS Actual 0.41 0.52 0.46 0.46Revenue Estimate 205.32M 208.82M 206.00M 201.89MRevenue Actual 201.44M 204.83M 219.63M 210.33M

Stock Performance

Shares of Old National Bancorp were trading at $17.05 as of October 15. Over the last 52-week period, shares are up 20.89%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.