Meridian Corp expected to post earnings of 28 cents a share - Earnings Preview

Meridian

26/01/2024 11:12

* Meridian Corp  MRBK.OQ   MRBK.O  is expected to show a
fall in
quarterly revenue when it reports  results on January 29
(estimated) for the period ending December 31 2023
    * The Malvern Pennsylvania-based  company is expected to
report a
7.7% decrease in revenue to $24.477 million from $26.51 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data. (Sales/Revenue Majority Basis is on Total
Revenue)
    * ​LSEG's mean analyst estimate for Meridian Corp is for
earnings
of 28 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"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 Meridian
Corp is
$13.00​, below​ its last closing price of $13.10. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.38        0.38       0.35      Missed  -7.1
 Jun. 30 2023  0.38        0.38       0.41      Beat    7.3
 Mar. 31 2023  0.32        0.32       0.34      Beat    4.9​
 Dec. 31 2022  0.45        0.45       0.39      Missed  -14.8
 ​​Sep.        0.43        0.41       0.48      Beat    18.5
 30 2022                                                
 Jun. 30 2022  0.46        0.53       0.48      Missed  -8.7​
 Mar. 31 2022  0.39        0.38       0.44      Beat    14.7
 Dec. 31 2021  0.48        0.49       0.62      Beat    27.8
 This summary was machine generated January 26 at 11:12 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)