First Busey Corp reports results for the quarter ended in June - Earnings Summary

First Busey

26/07/2023 24:00

* First Busey Corp  BUSE.OQ  reported quarterly adjusted
earnings
of 52 cents​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for earnings of
56 cents per share.
    * Revenue fell 0.2% to $106.68 million from a year ago;
analysts
expected $113.66 million. 
    * First Busey Corp's reported EPS for the quarter was 52
cents​.
    * The mean earnings estimate of analysts had fallen by
about 9.7%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * First Busey Corp shares had risen by 9.5% this quarter and
lost 11.0% so far this year.
    * The company reported quarterly net income of $29.36
million.
    * Wall Street's median 12-month price target for First Busey
Corp
is $22.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
25 at 11:00 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.56           0.52           Missed
 Mar. 31 2023      0.64           0.65           Beat
 Dec. 31 2022      0.73           0.64           Missed
 Sep. 30 2022      0.64           0.65           Beat