Lakeland Financial Corp expected to post earnings of 90  cents a share - Earnings Preview

Lakeland Financial

23/10/2023 14:39

* Lakeland Financial Corp  LKFN.OQ   LKFN.O  is expected
to show a
fall in quarterly revenue when it reports  results 
    * The Warsaw Indiana Indiana-based  company is expected to
report 
a 2.9% decrease in revenue to $60.828 million from $62.66
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 90 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 $53.5​, above​ its last closing price
of $48.64. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  1.03        1.03       1.11      Beat    7.7
 ​​Jun.        0.96        0.96       1.00      Beat    4.7
 30 2022                                                
 Mar. 31 2022  0.93        0.93       0.92      Missed  -0.9​
 Dec. 31 2021  0.95        0.96       0.95      Missed  -1
 Sep. 30 2021  0.95        0.93       0.94      Beat    1.1
 This summary was machine generated October 23 at 13:39 GMT.  All
figures in US dollars  unless otherwise stated