Axos Financial (AX) Q3 earnings report preview: what to look for

What happened

Axos Financial will report earnings after the market closes tomorrow. Last quarter it reported revenue of $379.8 million, up 22.7% year on year, beating analysts' revenue expectations. This quarter, the market expects revenue to grow 19.5% year on year.

Confirmed

Global impact / market context

Axos rarely misses revenue estimates, so the report will show whether its digital banking model keeps growing. Revenue growth and profit per sale would affect how investors value the stock, which makes this report important for current and potential shareholders.

Analyst inference

Peers in regional banks have already reported. OceanFirst Financial grew revenue 79.9% year on year and beat expectations by 3.7%, while Byline Bancorp grew revenue 4.6% and beat by 3.7%, then traded up 1.1% after its results.

Analyst inference

What to watch

1. Watch whether revenue rises 19.5% year on year, matching the market expectation and improving from flat revenue in the same quarter last year. Confirmed
2. Watch whether Axos beats analysts' revenue estimates again, as it rarely misses Wall Street's revenue estimates and beat them last quarter. Confirmed
3. Watch how the stock reacts to the results, since Byline Bancorp traded up 1.1% after reporting, though past price moves do not guarantee future ones. Proposed

Evidence

• stockstory.org