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Robo Investing

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Disclaimer: Past performance may not be indicative of future results. Therefore, you should assume that the future performance of any specific investment, investment strategy (including robo-strategies), or product made in reference directly or indirectly on this website, will be profitable or equal to corresponding indicated performance levels. Robot-Traders like other investment methods rely on favorable market conditions to provide positive outcomes.


People's United Financial, Inc. (PBCT) Expected to Post Quarterly Sales of $392.70 Million

January 06, 2018

Equities research analysts expect People's United Financial, Inc. (NASDAQ:PBCT) to announce $392.70 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for People's United Financial’s earnings, with the highest sales estimate coming in at $398.30 million and the lowest estimate coming in at $388.40 million. People's United Financial reported sales of $331.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 18.6%. The company is scheduled to announce its next earnings report after the market closes on Thursday, January 18th.

On average, analysts expect that People's United Financial will report full-year sales of $392.70 million for the current fiscal year, with estimates ranging from $1.46 billion to $1.50 billion. For the next financial year, analysts expect that the company will post sales of $1.62 billion per share, with estimates ranging from $1.61 billion to $1.64 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow People's United Financial.

People's United Financial (NASDAQ:PBCT) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. The business had revenue of $373.90 million during the quarter, compared to analyst estimates of $374.59 million. People's United Financial had a return on equity of 6.28% and a net margin of 19.32%. The company’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share.

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