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

Lakeland Financial

25/04/2023 13:43

* Lakeland Financial Corp  LKFN.OQ  reported quarterly
adjusted
earnings of 94 cents​​ per share for the quarter ended in March.
The mean expectation of four analysts for the quarter was
for earnings of $1.09 per share.
    * Revenue rose 12.1% to $61.83 million from a year ago;
analysts
expected $67.52 million. 
    * Lakeland Financial Corp's reported EPS for the quarter was
94
cents​.
    * The mean earnings estimate of analysts had risen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Lakeland Financial Corp shares had fallen by 10.4% this
quarter and lost 23.1% so far this year.
    * The company reported quarterly net income of $24.28
million.
    * Wall Street's median 12-month price target for Lakeland
Financial Corp is $68.00 
    * 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
April 25 at 12:43 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.96           1.00           Beat