First Foundation Inc expected to post earnings of 4  cents a share - Earnings Preview

First Foundation

24/10/2023 14:01

* First Foundation Inc  FFWM.N   FFWM.K  is expected to show
a
fall in quarterly revenue when it reports  results on October
26. 
    * The Irvine California-based  company is expected to report
 a
36.3% decrease in revenue to $63.642 million from $99.86 million
a year ago, according to the mean estimate from 5 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for First Foundation
Inc is
for earnings of 4 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"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 $8​, above​ its last closing price of $4.79. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  0.52        0.51       0.51      Met     -0.4
 ​​Jun.        0.53        0.53       0.59      Beat    12
 30 2022                                                
 Mar. 31 2022  0.50        0.50       0.55      Beat    9.4​
 Dec. 31 2021  0.44        0.40       0.53      Beat    31.4
 Sep. 30 2021  0.65        0.65       0.83      Beat    28.7
 This summary was machine generated October 24 at 13:01 GMT.  All
figures in US dollars  unless otherwise stated