Meridian Corp expected to post earnings of 32  cents a share - Earnings Preview

Meridian

29/04/2023 03:01

* Meridian Corp  MRBK.OQ   MRBK.O  is expected to show a
fall in
quarterly revenue when it reports  results on May 1
(estimated). 
    * The Malvern Pennsylvania-based  company is expected to
report  a
11.5% decrease in revenue to $25.783 million from $29.14 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Meridian Corp is
for
earnings of 32 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
$15​, above​ its last closing price of $9.35. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Mar. 31 2022  0.39        0.38       0.44      Beat    14.7
 ​​Dec.        0.48        0.49       0.62      Beat    27.8
 31 2021                                                
 Sep. 30 2021  0.57        0.57       0.76      Beat    33.7​
 Jun. 30 2021  0.58        0.58       0.67      Beat    15
 Mar. 31 2021  0.53        0.56       0.83      Beat    47.5
 This summary was machine generated April 29 at 02:01 GMT.  All
figures in US dollars  unless otherwise stated