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

Heartland Financial USA

01/05/2024 22:21

* Heartland Financial USA Inc  HTLF.OQ  reported quarterly
adjusted earnings of $1.22​​ per share for the quarter ended in
March, higher than the same quarter last year, when the company
reported EPS of $1.19.  The mean expectation of five analysts
for the quarter was for earnings of $1.11 per share. Wall Street
expected results to range from $1.02  to $1.15 per share.
    * Revenue fell 0.2% to $181.87 million from a year ago;
analysts
expected $182.35 million. 
    * Heartland Financial USA Inc's reported EPS for the quarter
was
$1.16​.
    * The company reported quarterly net income of $49.69
million.
    * Heartland Financial USA Inc shares had risen by 19.8% this
quarter and gained 12.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% 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 "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Heartland
Financial USA Inc is $45.00 
This summary was machine generated from LSEG data May 1 at 09:21
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      1.11           1.22           Beat
 Dec. 31 2023      1.10           1.06           Missed
 Sep. 30 2023      1.09           1.08           Missed
 Jun. 30 2023      1.13           1.11           Missed