Finward Bancorp reports results for the quarter ended in June - Earnings Summary

Finward Bancorp

26/07/2023 14:34

* Finward Bancorp  FNWD.OQ  reported quarterly adjusted
earnings
of 57 cents​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for earnings of
56 cents per share.
    * Revenue fell 15.6% to $17.05 million from a year ago;
analysts
expected $17.70 million. 
    * Finward Bancorp's reported EPS for the quarter was 57
cents​.
    * The mean earnings estimate of analysts had fallen by
about 30.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * The company reported quarterly net income of $2.4 million.
    * Wall Street's median 12-month price target for Finward
Bancorp
is $27.75 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 01:34 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.57           0.57           Met
 Mar. 31 2023      0.84           0.51           Missed
 Dec. 31 2022      1.06           0.93           Missed
 Sep. 30 2022      1.20           1.07           Missed