Lakeland Financial Corp expected to post earnings of $1.09 a share - Earnings Preview

Lakeland Financial

21/04/2023 18:27

* Lakeland Financial Corp  LKFN.OQ   LKFN.O  is expected
to show a
rise in quarterly revenue when it reports  results on April 24
(estimated). 
    * The Warsaw Indiana Indiana-based  company is expected to
report 
a 22.4% increase in revenue to $67.517 million from $55.15
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Lakeland Financial
Corp
is for earnings of $1.09 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Lakeland
Financial Corp is $68​, above​ its last closing price of $57.29.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  1.13        1.13       1.01      Missed  -10.3
 Sep. 30 2022  1.03        1.03       1.11      Beat    7.7
 Jun. 30 2022  0.96        0.96       1.00      Beat    4.7​
 Mar. 31 2022  0.93        0.93       0.92      Missed  -0.9
 ​​Dec.        0.95        0.96       0.95      Missed  -1
 31 2021                                                
 Sep. 30 2021  0.95        0.93       0.94      Beat    1.1​
 Jun. 30 2021  0.87        0.84       0.95      Beat    13.6
 Mar. 31 2021  0.89        0.88       0.90      Beat    2
 This summary was machine generated April 21 at 17:27 GMT.  All
figures in US dollars  unless otherwise stated