First Foundation Inc reports results for the quarter ended in June - Earnings Summary

First Foundation

26/07/2022 14:32

* First Foundation Inc  FFWM.OQ  reported quarterly adjusted
earnings of 59 cents​​ per share for the quarter ended in June.
The mean expectation of six analysts for the quarter was
for earnings of 53 cents per share.
    * Revenue rose 32.3% to $95.21 million from a year ago;
analysts
expected $92.08 million. 
    * First Foundation Inc's reported EPS for the quarter was 59
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2% in
the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * First Foundation Inc shares had fallen by 1.3% this
quarter and
lost 18.7% so far this year.
    * The company reported quarterly net income of $33.32
million.
    * Wall Street's median 12-month price target for First
Foundation
Inc is $25.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data July 26
at 01:32 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.53           0.59           Beat
 Mar. 31 2022      0.50           0.55           Beat
 Dec. 31 2021      0.40           0.53           Beat
 Sep. 30 2021      0.65           0.83           Beat