Merchants Bancorp reports results for the quarter ended in September - Earnings Summary

Merchants Bancorp

27/10/2022 22:02

* Merchants Bancorp  MBIN.OQ  reported quarterly adjusted
earnings
of $1.22​​ per share for the quarter ended in September. The
mean expectation of two analysts for the quarter was
for earnings of $1.22 per share.
    * Revenue rose 5% to $114.57 million from a year ago;
analysts
expected $115.15 million. 
    * Merchants Bancorp's reported EPS for the quarter was
$1.22​.
    * The mean earnings estimate of analysts had risen by
about 23.9%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Merchants Bancorp shares had risen by 4.9% this
quarter and
lost 23.3% so far this year.
    * The company reported quarterly net income of $52.76
million.
    * Wall Street's median 12-month price target for Merchants
Bancorp
is $31.00 
    * 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." 

This summary was machine generated from Refinitiv data October
27 at 09:02 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      1.22           1.22           Met
 Jun. 30 2022      0.90           1.11           Beat
 Mar. 31 2022      1.00           1.02           Beat
 Dec. 31 2021      1.02           1.14           Beat