Farmers National Banc Corp reports results for the quarter ended in June - Earnings Summary

Farmers National Banc

24/07/2024 14:52

* Farmers National Banc Corp  FMNB.OQ  reported quarterly
adjusted
earnings of 33 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 41 cents.  The mean expectation of three analysts for the
quarter was for earnings of 33 cents per share. Wall Street
expected results to range from 32 cents to 34 cents per share.
    * Revenue fell 5.3% to $41.67 million from a year ago;
analysts
expected $42.25 million. 
    * Farmers National Banc Corp's reported EPS for the quarter
was 32
cents​.
    * The company reported quarterly net income of $11.78
million.
    * Farmers National Banc Corp shares had risen by 18.7% this
quarter and gained 2.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"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 National
Banc Corp is $14.00 
This summary was machine generated from LSEG data July 24 at
01:52 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
 Jun. 30 2024      0.33           0.33           Met
 Mar. 31 2024      0.33           0.34           Beat
 Dec. 31 2023      0.35           0.41           Beat
 Sep. 30 2023      0.38           0.40           Beat