Merchants Bancorp expected to post earnings of $1.57 a share - Earnings Preview

Merchants Bancorp

23/07/2024 13:48

* Merchants Bancorp  MBIN.OQ   MBIN.O  is expected to show a
rise
in quarterly revenue when it reports  results on July 25
(estimated) for the period ending June 30 2024
    * The Carmel Indiana-based  company is expected to report a
18.6% increase in revenue to $160.7 million from $135.5 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data. (SAL Represents Operating Revenue)
    * ​LSEG's mean analyst estimate for Merchants Bancorp is for
earnings of $1.57 per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Merchants
Bancorp
is $55.50​, above​ its last closing price of $49.20. ​​​

This summary was machine generated July 23 at 12:48 GMT.  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)