Farmers & Merchants Bancorp Inc reports results for the quarter ended in June - Earnings Summary

Farmers & Merchants Bancorp

02/08/2024 01:56

* Farmers & Merchants Bancorp Inc  FMAO.OQ  reported
quarterly
adjusted earnings of 42 cents​​ per share for the quarter ended
in June, lower than the same quarter last year, when the company
reported EPS of 44 cents.  The mean expectation of four analysts
for the quarter was for earnings of 36 cents per share. Wall
Street expected results to range from 35 cents to 38 cents per
share.
    * Revenue rose 6.2% to $21.38 million from a year ago;
analysts
expected $20.48 million. 
    * Farmers & Merchants Bancorp Inc's reported EPS for the
quarter
was 42 cents​.
    * The company reported quarterly net income of $5.68
million.
    * Farmers & Merchants Bancorp Inc shares had risen by 18.6%
this
quarter and gained 11.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Farmers &
Merchants Bancorp Inc is $24.00 
This summary was machine generated from LSEG data August 2 at
12:55 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 1 0001       0.36           0.42           Beat
 Mar. 31 2024      0.35           0.39           Beat
 Sep. 30 2023      0.37           0.41           Beat
 Sep. 30 2023      0.37           0.35           Missed