Investar Holding Corp reports results for the quarter ended in June - Earnings Summary

Investar Holding

24/07/2023 22:01

* Investar Holding Corp  ISTR.OQ  reported quarterly
adjusted
earnings of 67 cents​​ per share for the quarter ended in June.
The mean expectation of four analysts for the quarter was
for earnings of 38 cents per share.
    * Revenue fell 10.8% to $20.46 million from a year ago;
analysts
expected $21.08 million. 
    * Investar Holding Corp's reported EPS for the quarter was
67
cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Investar Holding Corp shares had risen by 10.0% this
quarter and
lost 38.1% so far this year.
    * The company reported quarterly net income of $6.55
million.
    * Wall Street's median 12-month price target for Investar
Holding
Corp is $15.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
24 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.38           0.67           Beat
 Mar. 31 2023      0.56           0.51           Missed
 Dec. 31 2022      0.71           0.62           Missed
 Sep. 30 2022      0.65           0.71           Beat