Lakeland Financial Corp expected to post earnings of 89 cents a share - Earnings Preview

Lakeland Financial

23/01/2024 13:02

* Lakeland Financial Corp  LKFN.OQ   LKFN.O  is expected
to show a
rise in quarterly revenue when it reports  results on January 25
for the period ending December 31 2023
    * The Warsaw Indiana Indiana-based  company is expected to
report
a 2.7% increase in revenue to $59.982 million from $58.4 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data. (SAL Represents Operating Revenue)
    * ​LSEG's mean analyst estimate for Lakeland Financial Corp
is for
earnings of 89 cents 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 $60.00​, below​ its last closing price
of $65.44. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.90        0.90       0.98      Beat    8.6
 Jun. 30 2023  0.91        0.91       0.57      Missed  -37.4
 Mar. 31 2023  1.10        1.09       0.94      Missed  -13.7​
 Dec. 31 2022  1.13        1.13       1.01      Missed  -10.3
 ​​Sep.        1.03        1.03       1.11      Beat    7.7
 30 2022                                                
 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. 31 2021  0.95        0.96       0.95      Missed  -1
 This summary was machine generated January 23 at 13:02 GMT.  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)