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

Lakeland Financial

25/10/2023 14:01

* Lakeland Financial Corp  LKFN.OQ  reported quarterly
adjusted
earnings of 98 cents​​ per share for the quarter ended in
September. The mean expectation of four analysts for the quarter
was for earnings of 90 cents per share.
    * Revenue fell 5.5% to $59.23 million from a year ago;
analysts
expected $60.83 million. 
    * Lakeland Financial Corp's reported EPS for the quarter was
98
cents​.
    * The mean earnings estimate of analysts had risen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Lakeland Financial Corp shares had fallen by 1.2% this
quarter and lost 35.7% so far this year.
    * The company reported quarterly net income of $25.25
million.
    * Wall Street's median 12-month price target for Lakeland
Financial Corp is $53.50 
    * 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
October 25 at 01:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.90           0.98           Beat
 Jun. 30 2023      0.91           0.57           Missed
 Mar. 31 2023      1.09           0.94           Missed
 Dec. 31 2022      1.13           1.01           Missed