1st Source Corp expected to post earnings of $1.06 a share - Earnings Preview

1st Source

19/07/2022 21:16

* 1st Source Corp  SRCE.OQ   SRCE.O  is expected to show a
rise in
quarterly revenue when it reports  results on July 21. 
    * The South Bend Indiana-based  company is expected to
report  a
9.5% increase in revenue to $85.393 million from $78.01 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for 1st Source Corp is
for
earnings of $1.06 per share. For the same quarter last year, the
company reported earnings of $1.19 per share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for 1st Source
Corp
is $50​, above​ its last closing price of $44.28. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  1.00        0.98       1.10      Beat    11.9
 Dec. 31 2022  1.15        1.14       1.11      Missed  -2.3
 Sep. 30 2021  1.09        1.06       1.29      Beat    21.2​
 Jun. 30 2021  1.04        1.04       1.19      Beat    14.5
 ​​Mar.        0.89        0.89       1.10      Beat    24.2
 31 2021                                                
 Dec. 31 2020  0.73        0.71       1.03      Beat    46​
 Sep. 30 2020  0.73        0.72       0.78      Beat    7.9
 Jun. 30 2020  0.57        0.57       0.72      Beat    27.2
 This summary was machine generated July 19 at 20:16 GMT.  All
figures in US dollars  unless otherwise stated