Fulton Financial Corp reports results for the quarter ended in December - Earnings Summary

Fulton Financial

16/01/2024 22:52

* Fulton Financial Corp  FULT.OQ  reported quarterly
adjusted
earnings of 42 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 47 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 40 cents per
share. Wall Street expected results to range from 35 cents to 43
cents per share.
    * Revenue fell 5.9% to $216.56 million from a year ago;
analysts
expected $211.20 million. 
    * Fulton Financial Corp's reported EPS for the quarter was
37
cents​.
    * The company reported quarterly net income of $61.7
million.
    * Fulton Financial Corp shares had fallen by 3.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 13.5%
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," 8
"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 Fulton Financial
Corp is $16.00 
This summary was machine generated from LSEG data January 16 at
10:52 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
 Dec. 31 2023      0.40           0.42           Beat
 Sep. 30 2023      0.41           0.42           Beat
 Jun. 30 2023      0.42           0.46           Beat
 Mar. 31 2023      0.48           0.39           Missed