Lakeland Financial Corp expected to post earnings of 96  cents a share - Earnings Preview

Lakeland Financial

22/07/2022 14:20

* Lakeland Financial Corp  LKFN.OQ   LKFN.O  is expected
to show a
rise in quarterly revenue when it reports  results on July 25. 
    * The Warsaw Indiana Indiana-based  company is expected to
report 
a 8.0% increase in revenue to $59.424 million from $55 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 96 cents per share. For the same quarter last
year, the company reported earnings of 95 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 had risen by
about 3.3%
in the last three months. ​
    * Wall Street's median 12-month price target for Lakeland
Financial Corp is $70​, above​ its last closing price of $69.64.
​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  0.93        0.93       0.92      Missed  -0.9
 Dec. 31 2022  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
 ​​Mar.        0.89        0.88       0.90      Beat    2
 31 2021                                                
 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
 This summary was machine generated July 22 at 13:20 GMT.  All
figures in US dollars  unless otherwise stated