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

Linkbancorp

29/07/2024 23:28

* LINKBANCORP Inc  LNKB.OQ  reported quarterly adjusted
earnings
of 16 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 8 cents.  The mean expectation of three analysts for the
quarter was for earnings of 18 cents per share.  18 cents per
share.
    * Revenue rose 193.5% to $26.34 million from a year ago;
analysts
expected $27.79 million. 
    * LINKBANCORP Inc's reported EPS for the quarter was 16
cents​.
    * The company reported quarterly net income of $5.8 million.
    * LINKBANCORP Inc shares had risen by 20.8% this quarter and
lost 7.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.2%
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 $7.50 
This summary was machine generated from LSEG data July 29 at
10:28 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
 Jan. 1 0001       0.18           0.16           Missed
 Mar. 31 2024      0.18           0.15           Missed
 Dec. 31 2023      -0.26          -0.57          Missed
 Sep. 30 2023      -0.37          0.08           Beat