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

Fulton Financial

16/04/2024 23:09

* Fulton Financial Corp  FULT.OQ  reported quarterly
adjusted
earnings of 40 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 39 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 39 cents per
share. Wall Street expected results to range from 37 cents to 42
cents per share.
    * Revenue fell 3.9% to $211.53 million from a year ago;
analysts
expected $216.52 million. 
    * Fulton Financial Corp's reported EPS for the quarter was
36
cents​.
    * The company reported quarterly net income of $59.38
million.
    * Fulton Financial Corp shares had fallen by 6.9% this
quarter and
lost 10.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 9.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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." 
    * Wall Street's median 12-month price target for Fulton
Financial
Corp is $16.00 

This summary was machine generated from LSEG data April 16 at
10:08 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
 Mar. 31 2024      0.39           0.40           Beat
 Dec. 31 2023      0.40           0.42           Beat
 Sep. 30 2023      0.41           0.42           Beat
 Jun. 30 2023      0.42           0.46           Beat