First Merchants Corp expected to post earnings of $1.16 a share - Earnings Preview

First Merchants

24/01/2023 14:27

* First Merchants Corp  FRME.OQ   FRME.O  is expected
to show a
rise in quarterly revenue when it reports  results on January
26. 
    * The Muncie Indiana-based  company is expected to report  a
40.9% increase in revenue to $179.084 million from $127.12
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for First Merchants
Corp is
for earnings of $1.16 per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 6 "strong buy" or
"buy," no "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
Merchants
Corp is $50​, above​ its last closing price of $40.26. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  1.09        1.09       1.08      Missed  -1.3
 Jun. 30 2022  0.79        0.81       0.85      Beat    5.4
 Mar. 31 2022  0.87        0.87       0.91      Beat    4.4​
 Dec. 31 2021  0.93        0.93       0.89      Missed  -4.1
 ​​Sep.        0.92        0.91       0.98      Beat    7.3
 30 2021                                                
 Jun. 30 2021  0.92        0.92       1.03      Beat    11.8​
 Mar. 31 2021  0.78        0.76       0.91      Beat    20.3
 Dec. 31 2020  0.67        0.66       0.83      Beat    25.4
 This summary was machine generated January 24 at 14:27 GMT.  All
figures in US dollars  unless otherwise stated