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

First Business Financial Services

26/07/2024 24:02

* First Business Financial Services Inc  FBIZ.OQ  reported
quarterly adjusted earnings of $1.23​​ per share for the quarter
ended in June, higher than the same quarter last year, when the
company reported EPS of 98 cents.  The mean expectation of
five analysts for the quarter was for earnings of $1.09 per
share. Wall Street expected results to range from $1.04 
to $1.14 per share.
    * Revenue rose 8% to $37.97 million from a year ago;
analysts
expected $37.25 million. 
    * First Business Financial Services Inc's reported EPS for
the
quarter was $1.23​.
    * The company reported quarterly net income of $10.24
million.
    * First Business Financial Services Inc shares had risen
by 14.9%
this quarter and gained 6.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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 $43.00 
This summary was machine generated from LSEG data July 25 at
11:02 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
 Jun. 30 2024      1.09           1.23           Beat
 Mar. 31 2024      1.12           1.04           Missed
 Dec. 31 2023      1.13           1.15           Beat
 Sep. 30 2023      1.17           1.17           Met