First Foundation Inc expected to post earnings of 1 cent a share - Earnings Preview

First Foundation

23/07/2024 18:16

* First Foundation Inc  FFWM.N   FFWM.K  is expected to show
a
fall in quarterly revenue when it reports  results on July 25
for the period ending June 30 2024
    * The Dallas Texas-based  company is expected to report a
9.9% decrease in revenue to $55.041 million from $61.06 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data. (SAL represents Total Revenue)
    * ​LSEG's mean analyst estimate for First Foundation Inc is
for
earnings of 1 cent per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for First
Foundation
Inc is $6.00​, below​ its last closing price of $6.70. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024              0.01       0.01      Met     25
 Jan. 1 2024               0.03       0.05      Beat    92.3
 Sep. 30 2023  0.03        0.04       0.05      Beat    25​
 Jun. 30 2023  0.01        0.04       0.07      Beat    59.1
 ​​Mar.        0.15        0.15       0.15      Met     -0.4
 31 2023                                                
 Dec. 31 2022  0.31        0.31       0.35      Beat    14.4​
 Sep. 30 2022  0.52        0.51       0.51      Met     -0.4
 Jun. 30 2022  0.53        0.53       0.59      Beat    12
 This summary was machine generated July 23 at 17:16 GMT.  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)