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FFWM — First Foundation News Story

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First Foundation Inc reports results for the quarter ended June 30 - Earnings Summary

First Foundation Inc FFWM.N reported a quarterly adjusted loss of 9 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 6 cents.  The mean expectation of five analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from zero cents to 3 cents per share.

Revenue fell 16.5% to $47.99 million from a year ago; analysts expected $64.70 million.

First Foundation Inc shares had fallen by 4.5% this quarter and lost 21.6% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 36% in the last three months.​

In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

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 average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for First Foundation Inc is $6.50, about 25.1% above its last closing price of $4.87

This summary was machine generated from LSEG data July 31 at 01:32 p.m. UTC. ​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)

QUARTER ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20250.02-0.09Missed
Mar. 31 20250.030.08Beat
Dec. 31 20240.05-0.17Missed
Sep. 30 2024-0.54-1.23Missed

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