Lakeland Financial Corp expected to post earnings of 93 cents a share - Earnings Preview

Lakeland Financial

22/10/2021 17:04

* Lakeland Financial Corp  LKFN.OQ   LKFN.O  is expected to show
a rise in quarterly revenue when it reports results on October
25. 
* The Warsaw Indiana, Indiana-based company is expected to
report  a 6.8% increase in revenue to $56.623 million from
$53.03 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 93 cents per share. For the same quarter last
year, the company reported earnings of 89 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 $63​, about 22.6% below​ its last closing
price of $77.26. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 30 2021  0.87        0.84       0.95      Beat    13.6
 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.          0.54​       0.54       0.77      Beat    42.6​
 30​ 2020​                                              
 Mar. 31 2020  0.58        0.59       0.67      Beat    13.2​
 Dec. 31 2019  0.77        0.77       0.86      Beat    11.5
 Sep. 30 2019  0.78        0.77       0.83      Beat    8.5
 This summary was machine generated October 22 at 16:04 GMT.  All
figures in US dollars unless otherwise stated