Linkbancorp Inc Reports Results For The Quarter Ended In December: Earnings Summary

Linkbancorp

02/02/2024 22:01

* LINKBANCORP Inc  LNKB.OQ  reported a quarterly adjusted
loss
of 57 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 5 cents.  The mean expectation of three analysts for the
quarter was for a loss of 26 cents per share. Wall Street
expected results to range from -78 cents to 11 cents per share.
    * Revenue rose 63.2% to $15.49 million from a year ago;
analysts
expected $18.92 million. 
    * LINKBANCORP Inc's reported EPS for the quarter was a loss
of 57
cents​.
    * The company reported a quarterly loss of $13.19 million.
    * LINKBANCORP Inc shares had fallen by 11.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 41.7%
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," 2
"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 LINKBANCORP Inc
is $8.50 
This summary was machine generated from LSEG data February 2 at
10:01 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      -0.26          -0.57          Missed
 Sep. 30 2023      -0.37          0.08           Beat
 Jun. 30 2023      0.09           0.08           Missed
 Mar. 31 2023      0.11           -0.10          Missed