First of Long Island Corp reports results for the quarter ended in June - Earnings Summary

First of Long Island

26/07/2024 24:12

* First of Long Island Corp  FLIC.OQ  reported quarterly
adjusted
earnings of 21 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 31 cents.  The mean expectation of two analysts for the
quarter was for earnings of 16 cents per share. Wall Street
expected results to range from 14 cents to 19 cents per share.
    * Revenue fell 13.2% to $21.30 million from a year ago;
analysts
expected $20.71 million. 
    * First of Long Island Corp's reported EPS for the quarter
was 21
cents​.
    * The company reported quarterly net income of $4.8 million.
    * First of Long Island Corp shares had risen by 23.1% this
quarter and lost 6.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 27%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for First of Long
Island Corp is $10.50 
This summary was machine generated from LSEG data July 25 at
11:12 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 1 0001       0.16           0.21           Beat
 Mar. 31 2024      0.23           0.20           Missed
 Jan. 1 0001       0.25           0.27           Beat
 Sep. 30 2023      0.24           0.30           Beat