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

First of Long Island

26/04/2024 02:24

* First of Long Island Corp  FLIC.OQ  reported quarterly
adjusted
earnings of 20 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 29 cents.  The mean expectation of three analysts for the
quarter was for earnings of 23 cents per share. Wall Street
expected results to range from 18 cents to 26 cents per share.
    * Revenue fell 3.6% to $20.94 million from a year ago;
analysts
expected $22.08 million. 
    * First of Long Island Corp's reported EPS for the quarter
was 20
cents​.
    * The company reported quarterly net income of $4.44
million.
    * First of Long Island Corp shares had fallen by 3.8% this
quarter and lost 19.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.8%
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," 3
"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 $12.00 
This summary was machine generated from LSEG data April 26 at
01:24 a.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
 Mar. 31 2024      0.23           0.20           Missed
 Dec. 31 2023      0.25           0.27           Beat
 Sep. 30 2023      0.24           0.30           Beat
 Jun. 30 2023      0.31           0.31           Met