First Merchants Corp expected to post earnings of 76  cents a share - Earnings Preview

First Merchants

20/04/2021 14:10

* First Merchants Corp  FRME.OQ   FRME.O  is expected to show
a rise in quarterly revenue when it reports results on April 22.
* The Muncie, Indiana-based company is expected to report  a
5.1% increase in revenue to $129.944 million from $123.68
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 76 cents per share. For the same quarter last
year, the company reported earnings of 62 cents per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"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​, about 6.8% above​ its last closing price
of $46.59. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Dec. 31 2020  0.67        0.66       0.83      Beat    25.4
 Sep. 30 2020  0.61        0.63       0.67      Beat    6.9
 Jun. 30 2020  0.46        0.47       0.62      Beat    32.9​
 Mar. 31 2020  0.61        0.62       0.62      Met     0.5
 Dec.          0.85​       0.85       0.87      Beat    2​
 31​ 2019​                                              
 Sep. 30 2019  0.80        0.78       0.88      Beat    12.2​
 Jun. 30 2019  0.82        0.81       0.83      Beat    2.5
 Mar. 31 2019  0.79        0.79       0.78      Missed  -0.8
 This summary was machine generated April 20 at 13:10 GMT