Lakeland Financial Corp expected to post earnings of 91  cents a share - Earnings Preview

Lakeland Financial

21/07/2023 13:57

* Lakeland Financial Corp  LKFN.OQ   LKFN.O  is expected
to show a
rise in quarterly revenue when it reports  results on July 24
(estimated). 
    * The Warsaw Indiana Indiana-based  company is expected to
report 
a 5.6% increase in revenue to $62.493 million from $59.17
million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Lakeland Financial
Corp
is for earnings of 91 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 $54​, below​ its last closing price of $55.41.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  1.10        1.09       0.94      Missed  -13.7
 Dec. 31 2023  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.        0.93        0.93       0.92      Missed  -0.9
 31 2022                                                
 Dec. 31 2021  0.95        0.96       0.95      Missed  -1​
 Sep. 30 2021  0.95        0.93       0.94      Beat    1.1
 Jun. 30 2021  0.87        0.84       0.95      Beat    13.6
 This summary was machine generated July 21 at 12:57 GMT.  All
figures in US dollars  unless otherwise stated