German American Bancorp Inc reports results for the quarter ended in December - Earnings Summary

German American Bancorp

30/01/2024 09:21

* German American Bancorp Inc  GABC.OQ  reported quarterly
adjusted earnings of 73 cents​​ per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of 83 cents.  The mean expectation of
four analysts for the quarter was for earnings of 67 cents per
share. Wall Street expected results to range from 66 cents to 68
cents per share.
    * Revenue fell 7.3% to $61.20 million from a year ago;
analysts
expected $63.05 million. 
    * German American Bancorp Inc's reported EPS for the quarter
was
73 cents​.
    * The company reported quarterly net income of $21.51
million.
    * German American Bancorp Inc shares had risen by 2.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
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 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for German
American
Bancorp Inc is $33.50 

This summary was machine generated from LSEG data January 30 at
09:21 a.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      0.67           0.73           Beat
 Sep. 30 2023      0.70           0.73           Beat
 Jun. 30 2023      0.67           0.75           Beat
 Mar. 31 2023      0.80           0.71           Missed