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

Farmers & Merchants Bancorp

19/04/2023 23:18

* Farmers & Merchants Bancorp Inc  FMAO.OQ  reported
quarterly
adjusted earnings of 47 cents​​ per share for the quarter ended
in March. The mean expectation of three analysts for the quarter
was for earnings of 54 cents per share.
    * Revenue rose 9.7% to $21.70 million from a year ago;
analysts
expected $21.70 million. 
    * Farmers & Merchants Bancorp Inc's reported EPS for the
quarter
was 47 cents​.
    * The mean earnings estimate of analysts had fallen by
about 20.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Farmers & Merchants Bancorp Inc shares had fallen by 6.9%
this
quarter and lost 16.7% so far this year.
    * The company reported quarterly net income of $6.47
million.
    * Wall Street's median 12-month price target for Farmers &
Merchants Bancorp Inc is $26.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 19 at 10:18 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.54           0.47           Missed
 Dec. 31 2022      0.67           0.53           Missed
 Sep. 30 2022      0.73           0.68           Missed
 Jun. 30 2022      0.62           0.63           Beat