As earnings season comes into focus, active investors may be wondering which companies will beat estimates and which ones will miss when the earnings numbers are posted. Looking at shares of Prosperity Bancshares, Inc. (NYSE:PB), we note that the current quarter consensus EPS estimate is 1.2. This estimate is comprised of 8 sell-side analysts polled by Zacks Research. For the previous quarter, the company posted a quarterly EPS of 1.19. Earnings per share is the segment of profit for a company that is allocated to every outstanding share of a company’s common stock. Earnings per share numbers can serve as an indicator for the profitability of a particular company.
There is no shortage of financial news and opinions as we live in the age of the 24 hour news cycle. Headlines and expert opinions seem to be around every corner when dealing with the stock market. Trying to keep up with all the swirling news can make ones head spin. Even though there may be some significant news mixed in, a lot of the headlines may not be worth paying much attention to. Figuring out what information is useful may take some time for the investor to figure out. Once the filter is in place, investors may find it much easier to focus on the important data. Making investment decisions solely based on news headlines may end up causing the portfolio to suffer down the line.
Let’s shift the focus and look at some historical stock price action on shares of Prosperity Bancshares, Inc. (NYSE:PB). After a recent market scan, we have seen that the stock has been trading near the $71.22 level. Investors may also be tracking the current stock price in relation to its 52-week high and low. The 52-week high is currently sitting at $76.05, and the 52-week low is $57.46. When the stock starts moving towards the 52-week high or 52-week low, investors may pay added attention to see if there will be a breakthrough that level. Over the last 12 weeks, the stock has moved -0.93%. Since the beginning of the calendar year, we can see that shares have changed 14.32%. Over the past 4 weeks, shares have moved -3.82%. Over the previous 5 sessions, the stock has moved 0.68%.
Sell-side Street analysts often offer stock ratings for companies that they cover. Based on analysts polled by Zacks Research, the present average broker rating on shares of Prosperity Bancshares, Inc. (NYSE:PB) is presently 2.92. This average rating includes analysts who have given Sell, Buy and Hold ratings on the equity. This rating uses a numerical recommendation scale from 1 to 5. A score of 1 would represent a Buy recommendation, and a score of 5 would indicate a Sell recommendation. Out of all the analysts providing recommendations, 2 have rated the stock a Strong Buy or Buy, based on data provided by Zacks Research.
Taking a look at some target price information, we note that shares of Prosperity Bancshares, Inc. (NYSE:PB) presently have an average target price of $72.25. This is the consensus target price using estimates offered by analysts polled by Zacks Research. Sell-side analysts can calculate price target projections using various methods. Many investors will track stock target prices, especially when analysts make changes to the target. A thorough research report will generally give detailed reasoning for a certain target projection. Some investors may watch sell-side targets very closely and use the data to help with their own stock research.
High yielding stocks can be very tempting for investors. Trying to maximize the return on every dollar invested is a goal of many individuals. What investors have to remember is that the stocks that promise the highest return potential may also be some of the riskiest to own. Because past performance can’t guarantee future results, investors may need to do some extra research when adding high risk stocks to the portfolio. Most investors are always on the lookout to spot that next big stock winner before everyone else. Making sure that they are not adding too much extra risk when doing this may be the key to keeping the portfolio balanced.
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