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

Farmers & Merchants Bancorp

01/05/2024 22:33

* Farmers & Merchants Bancorp Inc  FMAO.OQ  reported
quarterly
adjusted earnings of 39 cents​​ per share for the quarter ended
in March, lower than the same quarter last year, when the
company reported EPS of 47 cents.  The mean expectation of
three analysts for the quarter was for earnings of 35 cents per
share. Wall Street expected results to range from 33 cents to 36
cents per share.
    * Revenue fell 14.9% to $18.44 million from a year ago;
analysts
expected $19.53 million. 
    * Farmers & Merchants Bancorp Inc's reported EPS for the
quarter
was 39 cents​.
    * The company reported quarterly net income of $5.36
million.
    * Farmers & Merchants Bancorp Inc shares had fallen by 8.0%
this
quarter and lost 17.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 13.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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." 
    * 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 $22.00 
This summary was machine generated from LSEG data May 1 at 09:33
p.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
 Mar. 31 2024      0.35           0.39           Beat
 Dec. 31 2023      0.32           0.41           Beat
 Sep. 30 2023      0.37           0.35           Missed
 Jun. 30 2023      0.45           0.44           Missed