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

Lakeland Financial

24/07/2023 14:01

* Lakeland Financial Corp  LKFN.OQ  reported quarterly
adjusted
earnings of 57 cents​​ per share for the quarter ended in June.
The mean expectation of four analysts for the quarter was
for earnings of 91 cents per share.
    * Revenue rose 1.4% to $60.03 million from a year ago;
analysts
expected $62.49 million. 
    * Lakeland Financial Corp's reported EPS for the quarter was
57
cents​.
    * The mean earnings estimate of analysts had fallen by
about 14.6%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Lakeland Financial Corp shares had risen by 12.3% this
quarter and lost 25.3% so far this year.
    * The company reported quarterly net income of $14.61
million.
    * Wall Street's median 12-month price target for Lakeland
Financial Corp is $52.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
24 at 01:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.91           0.57           Missed
 Mar. 31 2023      1.09           0.94           Missed
 Dec. 31 2022      1.13           1.01           Missed
 Sep. 30 2022      1.03           1.11           Beat