First Business Financial Services Inc reports results for the quarter ended in December - Earnings Summary

First Business Financial Services

25/01/2024 23:24

* First Business Financial Services Inc  FBIZ.OQ  reported
quarterly adjusted earnings of $1.15​​ per share for the quarter
ended in December, lower than the same quarter last year, when
the company reported EPS of $1.18.  The mean expectation of
four analysts for the quarter was for earnings of $1.13 per
share. Wall Street expected results to range from $1.10 
to $1.17 per share.
    * Revenue rose 9% to $36.63 million from a year ago;
analysts
expected $37.47 million. 
    * First Business Financial Services Inc's reported EPS for
the
quarter was $1.15​.
    * The company reported quarterly net income of $9.55
million.
    * First Business Financial Services Inc shares had fallen
by 4.9%
this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "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 Business
Financial Services Inc is $42.00 
This summary was machine generated from LSEG data January 25 at
11:24 p.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
 Dec. 31 2023      1.13           1.15           Beat
 Sep. 30 2023      1.17           1.17           Met
 Jun. 30 2023      0.98           0.98           Met
 Mar. 31 2023      1.07           1.05           Missed