The upcoming report from Old National Bancorp (ONB) is expected to reveal quarterly earnings of $0.42 per share, indicating a decline of 6.7% compared to the year-ago period. Analysts forecast revenues of $478.3 million, representing an increase of 8.7% year over year.

The current level reflects an upward revision of 4.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.

While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.

With that in mind, let's delve into the average projections of some Old National Bancorp metrics that are commonly tracked and projected by analysts on Wall Street.

The consensus among analysts is that 'Efficiency Ratio' will reach 54.9%. Compared to the current estimate, the company reported 58.3% in the same quarter of the previous year.

Analysts forecast 'Net interest margin (FTE)' to reach 3.3%. The estimate is in contrast to the year-ago figure of 3.3%.

The average prediction of analysts places 'Average Balance - Total earning assets' at $48.47 billion. Compared to the present estimate, the company reported $44.18 billion in the same quarter last year.

Analysts' assessment points toward 'Total noninterest income' reaching $88.16 million. Compared to the current estimate, the company reported $77.52 million in the same quarter of the previous year.

Analysts expect 'Net Interest Income (FTE)' to come in at $390.14 million. Compared to the present estimate, the company reported $362.71 million in the same quarter last year.

It is projected by analysts that the 'Service charges on deposit accounts' will reach $20.09 million. Compared to the present estimate, the company reported $17.90 million in the same quarter last year.

Analysts predict that the 'Wealth and investment services fees' will reach $30.16 million. Compared to the current estimate, the company reported $28.30 million in the same quarter of the previous year.

Story Continues

The combined assessment of analysts suggests that 'Mortgage banking revenue' will likely reach $6.66 million. The estimate is in contrast to the year-ago figure of $4.48 million.

View all Key Company Metrics for Old National Bancorp here>>>

Over the past month, shares of Old National Bancorp have returned -7.6% versus the Zacks S&P 500 composite's -5.6% change. Currently, ONB carries a Zacks Rank #2 (Buy), suggesting that it may outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

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This article originally published on Zacks Investment Research (zacks.com).

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