First Merchants Corp expected to post earnings of 88  cents a share - Earnings Preview

First Merchants

22/04/2022 15:15

* First Merchants Corp  FRME.OQ   FRME.O  is expected
to show a
rise in quarterly revenue when it reports  results on April 26. 
    * The Muncie Indiana-based  company is expected to report  a
7.2% increase in revenue to $133.524 million from $124.52
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 88 cents per share. For the same quarter last
year, the company reported earnings of 91 cents per share.
    * The current average analyst rating on the shares is "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 $52.5​, above​ its last closing price of $43.40. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021  0.93        0.93       0.89      Missed  -4.1
 Sep. 30 2021  0.92        0.91       0.98      Beat    7.3
 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.        0.67        0.66       0.83      Beat    25.4
 31 2020                                                
 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
 This summary was machine generated April 22 at 14:15 GMT.  All
figures in US dollars  unless otherwise stated