First Merchants Corp expected to post earnings of 92 cents a share - Earnings Preview

First Merchants

23/07/2021 13:53

* First Merchants Corp  FRME.OQ   FRME.O  is expected to show a
rise in quarterly revenue when it reports results on July 26. 
* The Muncie, Indiana-based company is expected to report   a
10.2% increase in revenue to $131.712 million from $119.5
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 92 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 $53​, about 25.7% above​ its last closing price
of $39.39. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  0.78        0.76       0.91      Beat    20.3
 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.          0.61​       0.62       0.62      Met     0.5​
 31​ 2020​                                              
 Dec. 31 2019  0.85        0.85       0.87      Beat    2​
 Sep. 30 2019  0.80        0.78       0.88      Beat    12.2
 Jun. 30 2019  0.82        0.81       0.83      Beat    2.5
 This summary was machine generated July 23 at 12:53 GMT.  All
figures in US dollars unless otherwise stated