First Republic Bank (FRC) - Get First Republic Bank Report is expected to report adjusted net income of $208 million, or $1.21 a share, on sales of $835.1 million before the market opens on Tuesday, based on a FactSet survey of 23 analysts.
In the same period a year ago, the company posted earnings of $1.19 a share on sales of $768.8 million. It reported net income of $209.8 million.
The stock has risen 3.3% since the company last reported earnings on July 16.
Quarterly estimates have fallen less than 1 cent a share in the past month.
In the upcoming quarter, analysts are forecasting adjusted net income of $211.1 million, or $1.24 a share, on sales of $858.1 million.
First Republic Bank is currently trading at a price-to-forward-earnings ratio of 18.7 based on the 12-month estimates of 23 analysts surveyed by FactSet.
Jim Cramer and the Action Alerts Plus team are watching the Banks sector. To find out more about what stocks they like in the industry click here now to get more from Action Alerts PLUS.
Introducing TheStreet Courses: Financial titans Jim Cramer and Robert Powell are bringing their market savvy and investing strategies to you. Learn how to create tax-efficient income, avoid top mistakes, reduce risk and more. With our courses, you will have the tools and knowledge needed to achieve your financial goals. Learn more about TheStreet Courses on investing and personal finance here.