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

Finward Bancorp

25/10/2023 14:50

* Finward Bancorp  FNWD.OQ  reported quarterly adjusted
earnings
of 52 cents​​ per share for the quarter ended in September. The
mean expectation of two analysts for the quarter was
for earnings of 51 cents per share.
    * Revenue fell 22.9% to $15.53 million from a year ago;
analysts
expected $17.65 million. 
    * Finward Bancorp's reported EPS for the quarter was 52
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Finward Bancorp shares had fallen by 11.6% this
quarter and
lost 45.9% so far this year.
    * The company reported quarterly net income of $2.19
million.
    * Wall Street's median 12-month price target for Finward
Bancorp
is $26.25 
    * 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
October 25 at 01:50 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.51           0.52           Beat
 Jun. 30 2023      0.57           0.57           Met
 Mar. 31 2023      0.84           0.51           Missed
 Dec. 31 2022      1.06           0.93           Missed