Old National Bancorp (NASDAQ:ONB) is trading up 74.04% versus 12-month low of 10.28 and stands -3.50% lower from its 1-year peak of $18.55. The consensus price target (PT) of $17.25 means that the market expects Company shares to increase by -2.0% in the short run. The sell-side target prices range from $15 to $19. In the last month the stock has moved in price -0.28%, with a one year change of 48.60%. The last trading session volume compares with the 806.33K average and market worth floats around 2.41B.
Old National Bancorp (NASDAQ:ONB) gained 1.70% to reach at the trading price of $17.90 as it is set to release its next quarterly earnings report on February 06, 2017. Old National Bancorp stock trades in the range of $17.55 to $18.03 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.24 a share with $154.93M in revenue.
Old National Bancorp (ONB) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Old National Bancorp to earn $0.25 per share (EPS) on revenue of $152.79M. The EPS consensus range is $0.25-$0.27 on revenue between $155.8M and $147.02M.
While if we look at the Earnings Track Record, Old National Bancorp (ONB) managed to surpass quarterly earnings per share estimates in 6 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 50%. Last time the company reported, Old National Bancorp (ONB) generated $0.25 in earnings per share, beating the consensus estimate of $0.23. Revenues hit $155.05M in the September 2017 quarter, which was above the consensus $153.85M projection. On the other hand, in the June 2017 quarter the company recorded a net $192.73M revenue with earnings per share of $0.20. Wall Street had anticipated $153.51M and $0.23, respectively. For comparison, there was a revenue of $135.09M and EPS of $0.24 in the March 2016 period.
Old National Bancorp (NASDAQ:ONB) Analyst Insights
The buoyancy in the outlook of Old National Bancorp (ONB) is getting weaker by the somewhat negative sentiment (2.90 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Hold. Hovde Group has been covering shares of ONB, so it is most recent view is worth a look. In a research note issued on Nov 22, 2016, analysts at downgraded the stock to Mkt Perform from Outperform. Another noteworthy analyst activity was recorded on Mar 29, 2016. Raymond James Analysts lifted the stock to Outperform from Mkt Perform.