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

First Busey

24/07/2024 01:13

* First Busey Corp  BUSE.OQ  reported quarterly adjusted
earnings
of 53 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 52 cents.  The mean expectation of six analysts for the
quarter was for earnings of 49 cents per share. Wall Street
expected results to range from 46 cents to 51 cents per share.
    * Revenue rose 9% to $116.31 million from a year ago;
analysts
expected $116.43 million. 
    * First Busey Corp's reported EPS for the quarter was 47
cents​.
    * The company reported quarterly net income of $27.36
million.
    * First Busey Corp shares had risen by 13.0% this
quarter and
gained 10.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.7%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for First Busey Corp
is $28.00 
This summary was machine generated from LSEG data July 24 at
12:12 a.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      0.49           0.53           Beat
 Mar. 31 2024      0.49           0.46           Missed
 Dec. 31 2023      0.50           0.46           Missed
 Sep. 30 2023      0.51           0.54           Beat