German American Bancorp Inc reports results for the quarter ended in January 1 - Earnings Summary

German American Bancorp

29/10/2024 02:29

* German American Bancorp Inc  GABC.OQ  reported quarterly
adjusted earnings of 71 cents​​ per share for the quarter ended
January 1, lower than the same quarter last year, when the
company reported EPS of 73 cents.  The mean expectation of
six analysts for the quarter was for earnings of 70 cents per
share. Wall Street expected results to range from 67 cents to 73
cents per share.
    * Revenue rose 29.5% to $62.40 million from a year ago;
analysts
expected $63.84 million. 
    * German American Bancorp Inc's reported EPS for the quarter
was
71 cents​.
    * The company reported quarterly net income of $21.05
million.
    * German American Bancorp Inc shares had risen by 1.0% this
quarter and gained 20.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
 "hold."

Wall Street's median 12-month price target for German American
Bancorp Inc is $43.00 
This summary was machine generated from LSEG data October 29 at
02:29 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
 Sep. 30 2024      0.70           0.71           Beat
 Jun. 30 2024      0.62           0.68           Beat
 Mar. 31 2024      0.64           0.64           Met
 Dec. 31 2023      0.67           0.73           Beat