First Foundation Inc expected to post earnings of 3 cents a share - Earnings Preview

First Foundation

23/01/2024 14:08

* First Foundation Inc  FFWM.N   FFWM.K  is expected to show
a
fall in quarterly revenue when it reports  results on January 25
for the period ending December 31 2023
    * The Dallas Texas-based  company is expected to report a
23.3% decrease in revenue to $62.815 million from $81.94 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 3 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"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 $10.00​, below​ its last closing price of $10.77. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.03        0.04       0.05      Beat    25
 Jun. 30 2023  0.01        0.04       0.07      Beat    59.1
 Mar. 31 2023  0.15        0.15       0.15      Met     -0.4​
 Dec. 31 2022  0.31        0.31       0.35      Beat    14.4
 ​​Sep.        0.52        0.51       0.51      Met     -0.4
 30 2022                                                
 Jun. 30 2022  0.53        0.53       0.59      Beat    12​
 Mar. 31 2022  0.50        0.50       0.55      Beat    9.4
 Dec. 31 2021  0.44        0.40       0.53      Beat    31.4
 This summary was machine generated January 23 at 14:08 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)