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

Finward Bancorp

26/04/2023 15:24

* Finward Bancorp  FNWD.OQ  reported quarterly adjusted
earnings
of 51 cents​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for earnings of
84 cents per share.
    * Revenue fell 7.5% to $17.28 million from a year ago;
analysts
expected $19.85 million. 
    * Finward Bancorp's reported EPS for the quarter was 51
cents​.
    * The mean earnings estimate of analysts had risen by
about 12.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Finward Bancorp shares had risen by 1.2% this quarter and
lost 18.6% so far this year.
    * The company reported quarterly net income of $2.24
million.
    * Wall Street's median 12-month price target for Finward
Bancorp
is $36.50 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 26 at 02:23 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.84           0.51           Missed
 Dec. 31 2022      1.06           0.93           Missed
 Sep. 30 2022      1.20           1.07           Missed
 Jun. 30 2022      1.19           1.03           Missed