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

Lakeland Financial

25/01/2024 14:02

* Lakeland Financial Corp  LKFN.OQ  reported quarterly
adjusted
earnings of $1.16​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of $1.01.  The mean expectation of four analysts
for the quarter was for earnings of 89 cents per share. Wall
Street expected results to range from 86 cents to 92 cents per
share.
    * Revenue rose 12.7% to $65.81 million from a year ago;
analysts
expected $59.98 million. 
    * Lakeland Financial Corp's reported EPS for the quarter was
$1.16​.
    * The company reported quarterly net income of $29.63
million.
    * Lakeland Financial Corp shares had fallen by 2.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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." 
    * Wall Street's median 12-month price target for Lakeland
Financial Corp is $60.00 

This summary was machine generated from LSEG data January 25 at
02:01 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 2023      0.89           1.16           Beat
 Sep. 30 2023      0.90           0.98           Beat
 Jun. 30 2023      0.91           0.57           Missed
 Mar. 31 2023      1.09           0.94           Missed