* Bank Ozk reported quarterly adjusted earnings of $1.51 per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of $1.41. The mean expectation of ten analysts for the quarter was for earnings of $1.46 per share. Wall Street expected results to range from $1.39 to $1.50 per share.
* Revenue rose 9% to $406.02 million from a year ago; analysts expected $396.81 million.
* Bank Ozk's reported EPS for the quarter was $1.51.
* The company reported quarterly net income of $171.49 million.
* Bank Ozk shares had fallen by 8.1% this quarter and lost 16.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts was unchanged in the last three months.
* In the last 30 days, four analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell."
* The average consensus recommendation for the banks peer group is
"hold."
Wall Street's median 12-month price target for Bank Ozk is $49.50 This summary was machine generated from LSEG data April 17 at 09:01 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 1.46 1.51 Beat
Dec. 31 2023 1.48 1.50 Beat
Sep. 30 2023 1.42 1.49 Beat
Jun. 30 2023 1.42 1.47 Beat
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