First Merchants Corp expected to post earnings of 87 cents a share - Earnings Preview

First Merchants

23/01/2024 14:14

* First Merchants Corp  FRME.OQ   FRME.O  is expected
to show a
fall in quarterly revenue when it reports  results on January 25
for the period ending December 31 2023
    * The Muncie Indiana-based  company is expected to report a
4.4% decrease in revenue to $165.479 million from $173.11
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data. (SAL represents Total / Operating
Revenue.)
    * ​LSEG's mean analyst estimate for First Merchants Corp is
for
earnings of 87 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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 $42.50​, above​ its last closing price of $36.52. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.94        0.94       0.95      Beat    0.6
 Jun. 30 2023  1.01        1.02       1.02      Met     0.3
 Mar. 31 2023  1.13        1.14       1.07      Missed  -6.1​
 Dec. 31 2022  1.16        1.16       1.19      Beat    2.3
 ​​Sep.        1.09        1.09       1.08      Missed  -1.3
 30 2022                                                
 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
 This summary was machine generated January 23 at 14:14 GMT.  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)