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

German American Bancorp

01/11/2023 14:41

* German American Bancorp Inc  GABC.OQ  reported quarterly
adjusted earnings of 73 cents​​ per share for the quarter ended
in September, lower than the same quarter last year, when the
company reported EPS of 83 cents.  The mean expectation of
five analysts for the quarter was for earnings of 70 cents per
share. Wall Street expected results to range from 68 cents to 73
cents per share.
    * Revenue fell 26.8% to $48.17 million from a year ago;
analysts
expected $63.95 million. 
    * German American Bancorp Inc's reported EPS for the quarter
was
73 cents​.
    * The company reported quarterly net income of $21.45
million.
    * German American Bancorp Inc shares had risen by 0.9% this
quarter and lost 26.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.7%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for German
American
Bancorp Inc is $32.00 

This summary was machine generated from LSEG data November 1 at
02:41 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.70           0.73           Beat
 Jun. 30 2023      0.67           0.75           Beat
 Mar. 31 2023      0.80           0.71           Missed
 Dec. 31 2022      0.84           0.83           Missed