Benzinga | Oct 19, 2021 11:09AM EDT

CVB Financial Earnings Preview

CVB Financial (NASDAQ:CVBF) is set to give its latest quarterly earnings report on Wednesday, 2021-10-20. Here's what investors need to know before the announcement.

Analysts estimate that CVB Financial will likely report an Earnings Per Share (EPS) of $0.36

CVB Financial 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).

Past Earnings Performance

Last quarter the company beat on EPS by 8.57%, which was followed by a $2.34 drop in the share price the next day.

Here's a look at CVB Financial's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 0.35 0.36 0.34 0.34EPS Actual 0.38 0.47 0.37 0.35Revenue Estimate 103.19M 108.16M 105.49M 108.08MRevenue Actual 116.22M 117.15M 118.78M 116.48M

Stock Performance

Shares of CVB Financial were trading at $19.71 as of October 18. Over the last 52-week period, shares are up 10.15%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

If you want to track all upcoming earnings announcements, check out our Earnings Calendar here