First Merchants Corp expected to post earnings of 94  cents a share - Earnings Preview

First Merchants

24/10/2023 19:32

* First Merchants Corp  FRME.OQ   FRME.O  is expected
to show a
fall in quarterly revenue when it reports  results 
    * The Muncie Indiana-based  company is expected to report  a
1.7% decrease in revenue to $167.071 million from $169.92
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 94 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 $36.5​, above​ its last closing price of $26.72. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  1.09        1.09       1.08      Missed  -1.3
 ​​Jun.        0.79        0.81       0.85      Beat    5.4
 30 2022                                                
 Mar. 31 2022  0.87        0.87       0.91      Beat    4.4​
 Dec. 31 2021  0.93        0.93       0.89      Missed  -4.1
 Sep. 30 2021  0.92        0.91       0.98      Beat    7.3
 This summary was machine generated October 24 at 18:31 GMT.  All
figures in US dollars  unless otherwise stated