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

First Foundation

27/04/2023 20:36

* First Foundation Inc  FFWM.OQ  reported quarterly adjusted
earnings of 15 cents​​ per share for the quarter ended in March.
The mean expectation of five analysts for the quarter was
for earnings of 15 cents per share.
    * Revenue fell 20.7% to $70.45 million from a year ago;
analysts
expected $77.54 million. 
    * First Foundation Inc's reported EPS for the quarter was 15
cents​.
    * The mean earnings estimate of analysts had fallen by
about 31.5%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * First Foundation Inc shares had fallen by 18.5% this
quarter and
lost 57.6% so far this year.
    * The company reported quarterly net income of $8.5 million.
    * Wall Street's median 12-month price target for First
Foundation
Inc is $9.50 
    * 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
April 27 at 07:36 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.15           0.15           Met
 Dec. 31 2022      0.31           0.35           Beat
 Sep. 30 2022      0.51           0.51           Met
 Jun. 30 2022      0.53           0.59           Beat