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

Fulton Financial

18/07/2023 22:56

* Fulton Financial Corp  FULT.OQ  reported quarterly
adjusted
earnings of 46 cents​​ per share for the quarter ended in June.
The mean expectation of eight analysts for the quarter was
for earnings of 42 cents per share.
    * Revenue rose 19.2% to $217.26 million from a year ago;
analysts
expected $215.68 million. 
    * Fulton Financial Corp's reported EPS for the quarter was
46
cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.7%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Fulton Financial Corp shares had risen by 4.3% this
quarter and
lost 26.1% so far this year.
    * The company reported quarterly net income of $77.05
million.
    * Wall Street's median 12-month price target for Fulton
Financial
Corp is $14.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
18 at 09:55 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.42           0.46           Beat
 Mar. 31 2023      0.48           0.39           Missed
 Dec. 31 2022      0.50           0.47           Missed
 Sep. 30 2022      0.44           0.40           Missed