Fulton Financial Corp expected to post earnings of 40 cents a share - Earnings Preview

Fulton Financial

12/01/2024 21:11

* Fulton Financial Corp  FULT.OQ   FULT.O  is expected
to show a
fall in quarterly revenue when it reports  results on January 16
for the period ending December 31 2023
    * The Lancaster Pennsylvania-based  company is expected to
report
a 8.3% decrease in revenue to $211.195 million from $230.22
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data. (SAL is on NII(FTE) basis)
    * ​LSEG's mean analyst estimate for Fulton Financial Corp is
for
earnings of 40 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 8
"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 Fulton
Financial
Corp is $16.00​, below​ its last closing price of $16.04. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.41        0.41       0.42      Beat    3.4
 Jun. 30 2023  0.42        0.42       0.46      Beat    8.9
 Mar. 31 2023  0.48        0.48       0.39      Missed  -18.5​
 Dec. 31 2022  0.50        0.50       0.47      Missed  -6.2
 ​​Sep.        0.44        0.44       0.40      Missed  -8.8
 30 2022                                                
 Jun. 30 2022  0.37        0.37       0.42      Beat    14.7​
 Mar. 31 2022  0.32        0.32       0.38      Beat    20
 Dec. 31 2021  0.38        0.37       0.37      Met     -0.7
 This summary was machine generated January 12 at 21:11 GMT.  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)