Heartland Financial USA Inc reports results for the quarter ended in June - Earnings Summary

Heartland Financial USA

31/07/2023 23:02

* Heartland Financial USA Inc  HTLF.OQ  reported quarterly
adjusted earnings of $1.11​​ per share for the quarter ended in
June. The mean expectation of five analysts for the quarter was
for earnings of $1.13 per share.
    * Revenue fell 0.9% to $175.37 million from a year ago;
analysts
expected $182.16 million. 
    * Heartland Financial USA Inc's reported EPS for the quarter
was
$1.11​.
    * The mean earnings estimate of analysts had fallen by
about 5.9%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Heartland Financial USA Inc shares had risen by 22.7% this
quarter and lost 26.6% so far this year.
    * The company reported quarterly net income of $47.4
million.
    * Wall Street's median 12-month price target for Heartland
Financial USA Inc is $39.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
31 at 10:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.13           1.11           Missed
 Mar. 31 2023      1.32           1.19           Missed
 Dec. 31 2022      1.34           1.37           Beat
 Sep. 30 2022      1.26           1.28           Beat