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

Fulton Financial

18/04/2023 23:25

* Fulton Financial Corp  FULT.OQ  reported quarterly
adjusted
earnings of 39 cents​​ per share for the quarter ended in March.
The mean expectation of eight analysts for the quarter was
for earnings of 48 cents per share.
    * Revenue rose 36.4% to $220.00 million from a year ago;
analysts
expected $228.00 million. 
    * Fulton Financial Corp's reported EPS for the quarter was
39
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2% in
the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * Fulton Financial Corp shares had fallen by 2.9% this
quarter and
lost 20.3% so far this year.
    * The company reported quarterly net income of $65.75
million.
    * Wall Street's median 12-month price target for Fulton
Financial
Corp is $15.50 
    * 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
April 18 at 10:25 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.48           0.39           Missed
 Dec. 31 2022      0.50           0.47           Missed
 Sep. 30 2022      0.44           0.40           Missed
 Jun. 30 2022      0.37           0.42           Beat