First Business Financial Services Inc reports results for the quarter ended in January 1 - Earnings Summary

First Business Financial Services

27/10/2024 15:00

* First Business Financial Services Inc  FBIZ.OQ  reported
quarterly adjusted earnings of $1.24​​ per share for the quarter
ended January 1, higher than the same quarter last year, when
the company reported EPS of $1.17.  The mean expectation of
five analysts for the quarter was for earnings of $1.19 per
share. Wall Street expected results to range from $1.13 
to $1.28 per share.
    * Revenue fell 35.9% to $38.07 million from a year ago;
analysts
expected $38.78 million. 
    * First Business Financial Services Inc's reported EPS for
the
quarter was $1.24​.
    * The company reported quarterly net income of $10.31
million.
    * First Business Financial Services Inc shares had fallen
by 1.7%
this quarter and gained 11.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
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 5 "strong buy" or "buy," no
"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 $53.00 
This summary was machine generated from LSEG data October 27 at
03:00 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
 Sep. 30 2024      1.19           1.24           Beat
 Jun. 30 2024      1.09           1.23           Beat
 Mar. 31 2024      1.12           1.04           Missed
 Dec. 31 2023      1.13           1.15           Beat