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

Farmers & Merchants Bancorp

27/10/2023 13:01

* Farmers & Merchants Bancorp Inc  FMAO.OQ  reported
quarterly
adjusted earnings of 35 cents​​ per share for the quarter ended
in September. The mean expectation of two analysts for the
quarter was for earnings of 37 cents per share.
    * Revenue fell 12.9% to $19.66 million from a year ago;
analysts
expected $19.55 million. 
    * Farmers & Merchants Bancorp Inc's reported EPS for the
quarter
was 35 cents​.
    * The mean earnings estimate of analysts had fallen by
about 9% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Farmers & Merchants Bancorp Inc shares had risen by 4.1%
this
quarter and lost 32.9% so far this year.
    * The company reported quarterly net income of $4.78
million.
    * Wall Street's median 12-month price target for Farmers &
Merchants Bancorp Inc is $22.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 27 at 12:00 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.37           0.35           Missed
 Jun. 30 2023      0.45           0.44           Missed
 Mar. 31 2023      0.54           0.47           Missed
 Dec. 31 2022      0.67           0.53           Missed