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

Investar Holding

23/10/2023 13:01

* Investar Holding Corp  ISTR.OQ  reported quarterly
adjusted
earnings of 33 cents​​ per share for the quarter ended in
September. The mean expectation of four analysts for the quarter
was for earnings of 33 cents per share.
    * Revenue fell 30.8% to $17.93 million from a year ago;
analysts
expected $20.11 million. 
    * Investar Holding Corp's reported EPS for the quarter was
28
cents​.
    * The mean earnings estimate of analysts had risen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Investar Holding Corp shares had fallen by 5.3% this
quarter and
lost 53.4% so far this year.
    * The company reported quarterly net income of $2.78
million.
    * Wall Street's median 12-month price target for Investar
Holding
Corp is $14.75 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 23 at 12:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.33           0.33           Met
 Jun. 30 2023      0.38           0.67           Beat
 Mar. 31 2023      0.56           0.51           Missed
 Dec. 31 2022      0.71           0.62           Missed