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

Linkbancorp

31/10/2023 21:02

* LINKBANCORP Inc  LNKB.OQ  reported quarterly adjusted
earnings
of 8 cents​​ per share for the quarter ended in September, lower
than the same quarter last year, when the company reported EPS
of 17 cents.The mean expectation of two analysts for the quarter
was for a loss of 38 cents per share. Wall Street expected
results to range from -84 cents to 7 cents per share.
    * Revenue rose 0.4% to $9.23 million from a year ago;
analysts
expected $13.70 million. 
    * LINKBANCORP Inc's reported EPS for the quarter was 8
cents​.
    * The company reported quarterly net income of $1.24
million.
    * LINKBANCORP Inc shares had fallen by 6.7% this quarter and
lost 31.7% 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, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
 "hold."

Wall Street's median 12-month price target for LINKBANCORP Inc
is $8.00 
This summary was machine generated from LSEG data October 31 at
09:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.38          0.08           Beat
 Jun. 30 2023      0.09           0.08           Missed
 Mar. 31 2023      0.11           -0.10          Missed
 Dec. 31 2022      0.16           0.05           Missed