Lakeland Financial Corp reports results for the quarter ended December 31 - Earnings Summary

Lakeland Financial

24/01/2025 13:01

* Lakeland Financial Corp  LKFN.OQ  reported quarterly
adjusted
earnings of 94 cents​​ per share for the quarter ended December
31, lower than the same quarter last year, when the company
reported EPS of $1.16.  The mean expectation of four analysts
for the quarter was for earnings of 90 cents per share. Wall
Street expected results to range from 88 cents to 91 cents per
share.
    * Revenue fell 3.4% to $63.57 million from a year ago;
analysts
expected $63.09 million. 
    * Lakeland Financial Corp's reported EPS for the quarter was
94
cents​.
    * The company reported quarterly net income of $24.19
million.
    * Lakeland Financial Corp shares had fallen by 2.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Lakeland
Financial Corp is $72.00 
This summary was machine generated from LSEG data January 24 at
01:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.90           0.94           Beat
 Sep. 30 2024      0.88           0.91           Beat
 Jun. 30 2024      0.85           0.87           Beat
 Mar. 31 2024      0.86           0.91           Beat