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

Linkbancorp

01/05/2024 22:22

* LINKBANCORP Inc  LNKB.OQ  reported quarterly adjusted
earnings
of 15 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of -10 cents.  The mean expectation of three analysts for the
quarter was for earnings of 18 cents per share. Wall Street
expected results to range from 16 cents to 19 cents per share.
    * Revenue rose 336.2% to $26.61 million from a year ago;
analysts
expected $27.20 million. 
    * LINKBANCORP Inc's reported EPS for the quarter was 15
cents​.
    * The company reported quarterly net income of $5.73
million.
    * LINKBANCORP Inc shares had fallen by 4.5% this quarter and
lost 16.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $8.00 
This summary was machine generated from LSEG data May 1 at 09:21
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
 Mar. 31 2024      0.18           0.15           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