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

First Foundation

27/07/2023 15:57

* First Foundation Inc  FFWM.OQ  reported quarterly adjusted
earnings of 7 cents​​ per share for the quarter ended in June.
The mean expectation of five analysts for the quarter was
for earnings of 3 cents per share.
    * Revenue fell 35.9% to $61.06 million from a year ago;
analysts
expected $59.77 million. 
    * First Foundation Inc's reported EPS for the quarter was a
loss
of $3.76​.
    * The mean earnings estimate of analysts had fallen by
about 74.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * First Foundation Inc shares had risen by 42.8% this
quarter and
lost 60.4% so far this year.
    * The company reported a quarterly loss of $212.29 million.
    * Wall Street's median 12-month price target for First
Foundation
Inc is $7.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
27 at 02:56 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.03           0.07           Beat
 Mar. 31 2023      0.15           0.15           Met
 Dec. 31 2022      0.31           0.35           Beat
 Sep. 30 2022      0.51           0.51           Met