Farmers & Merchants Bancorp Inc reports results for the quarter ended in September 30 - Earnings Summary

Farmers & Merchants Bancorp

31/10/2024 02:54

* Farmers & Merchants Bancorp Inc  FMAO.OQ  reported
quarterly
adjusted earnings of 48 cents​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of 35 cents.  The mean expectation of
four analysts for the quarter was for earnings of 41 cents per
share. Wall Street expected results to range from 40 cents to 43
cents per share.
    * Revenue rose 29.9% to $25.53 million from a year ago;
analysts
expected $21.23 million. 
    * Farmers & Merchants Bancorp Inc's reported EPS for the
quarter
was 48 cents​.
    * The company reported quarterly net income of $6.52
million.
    * Farmers & Merchants Bancorp Inc shares had fallen by 1.3%
this
quarter and gained 10.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.2%
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 $26.75 
This summary was machine generated from LSEG data October 31 at
02:53 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
 Sep. 30 2024      0.41           0.48           Beat
 Jun. 30 2024      0.36           0.42           Beat
 Mar. 31 2024      0.35           0.39           Beat
 Dec. 31 2023      0.32           0.41           Beat