First Merchants Corp expected to post earnings of 93 cents a share - Earnings Preview

First Merchants

25/01/2022 13:59

* First Merchants Corp  FRME.OQ   FRME.O  is expected
to show a
rise in quarterly revenue when it reports  results on January
27. 
    * The Muncie Indiana-based  company is expected to report  a
5.1% increase in revenue to $136.454 million from $129.79
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 93 cents per share. For the same quarter last
year, the company reported earnings of 83 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 $49​, about 8.9% above​ its last closing price
of $44.62. ​​​
    * 

This summary was machine generated January 25 at 13:59 GMT.  All
figures in US dollars  unless otherwise stated