Merchants Bancorp expected to post earnings of 90  cents a share - Earnings Preview

Merchants Bancorp

23/07/2022 03:02

* Merchants Bancorp  MBIN.OQ   MBIN.O  is expected to show a
fall
in quarterly revenue when it reports  results on July 26
(estimated). 
    * The Carmel Indiana-based  company is expected to report  a
4.3% decrease in revenue to $93.325 million from $97.56 million
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Merchants Bancorp
is for
earnings of 90 cents per share. For the same quarter last year,
the company reported earnings of $1.05 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 $31.5​, above​ its last closing price of $24.04. ​​​

This summary was machine generated July 23 at 02:01 GMT.  All
figures in US dollars  unless otherwise stated