1st Source Corp expected to post earnings of $1.22 a share - Earnings Preview

1st Source

16/07/2024 21:24

* 1st Source Corp  SRCE.OQ   SRCE.O  is expected to show a
rise in
quarterly revenue when it reports  results on July 18
(estimated) for the period ending June 30 2024
    * The South Bend Indiana-based  company is expected to
report a
3.9% increase in revenue to $94.845 million from $91.29 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data. (SAL represents Total Revenue)
    * ​LSEG's mean analyst estimate for 1st Source Corp is for
earnings of $1.22 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 $54.00​, below​ its last closing price of $58.96. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.13        1.14       1.19      Beat    4.7
 Dec. 31 2024  1.16        1.15       1.15      Met     -0.4
 Sep. 30 2023  1.10        1.10       1.32      Beat    20​
 Jan. 1 0001   1.13        1.11       1.30      Beat    17.6
 ​​Mar.        1.24        1.25       1.25      Met     -0.1
 31 2023                                                
 Dec. 31 2022  1.36        1.28       1.25      Missed  -2.5​
 Sep. 30 2022  1.20        1.16       1.32      Beat    13.3
 Jun. 30 2022  1.10        1.06       1.18      Beat    11
 This summary was machine generated July 16 at 20:24 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)