Meridian Corp expected to post earnings of 31 cents a share - Earnings Preview

Meridian

24/07/2024 13:27

* Meridian Corp  MRBK.OQ   MRBK.O  is expected to show a
fall in
quarterly revenue when it reports  results on July 26
(estimated) for the period ending June 30 2024
    * The Malvern Pennsylvania-based  company is expected to
report a
2.1% decrease in revenue to $25.669 million from $26.22 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 31 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"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​, above​ its last closing price of $11.58. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.23        0.24       0.24      Met     -1.2
 Dec. 31 0001  0.27        0.28       0.05      Missed  -82.4
 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.        0.32        0.32       0.34      Beat    4.9
 31 2023                                                
 Dec. 31 2022  0.45        0.45       0.39      Missed  -14.8​
 Sep. 30 2022  0.43        0.41       0.48      Beat    18.5
 Jun. 30 2022  0.46        0.53       0.48      Missed  -8.7
 This summary was machine generated July 24 at 12:27 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)