Lakeland Financial Corp expected to post earnings of 84 cents a share - Earnings Preview

Lakeland Financial

23/07/2021 13:08

* Lakeland Financial Corp  LKFN.OQ   LKFN.O  is expected to show
a rise in quarterly revenue when it reports results on July 26
(estimated). 
* The Warsaw Indiana, Indiana-based company is expected to
report   a 8.3% increase in revenue to $54.929 million from
$50.7 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 84 cents per share. For the same quarter last
year, the company reported earnings of 77 cents per share.
* The current average analyst rating on the shares is "hold" and
the breakdown of recommendations is no "strong buy" or "buy," 4
"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​, about 17.3% above​ its last closing
price of $56.22. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  0.89        0.88       0.90      Beat    2
 Dec. 31 2020  0.82        0.80       0.97      Beat    20.6
 Sep. 30 2020  0.72        0.73       0.89      Beat    21.4​
 Jun. 30 2020  0.54        0.54       0.77      Beat    42.6
 Mar.          0.58​       0.59       0.67      Beat    13.2​
 31​ 2020​                                              
 Dec. 31 2019  0.77        0.77       0.86      Beat    11.5​
 Sep. 30 2019  0.78        0.77       0.83      Beat    8.5
 Jun. 30 2019  0.82        0.81       0.85      Beat    4.4
 This summary was machine generated July 23 at 12:08 GMT.  All
figures in US dollars unless otherwise stated