Meridian Corp reports results for the quarter ended in December - Earnings Summary

Meridian

30/01/2023 22:38

* Meridian Corp  MRBK.OQ  reported quarterly adjusted
earnings of
77 cents​​ per share for the quarter ended in December. The mean
expectation of three analysts for the quarter was for earnings
of 90 cents per share.
    * Revenue fell 20.6% to $26.51 million from a year ago;
analysts
expected $27.87 million. 
    * Meridian Corp's reported EPS for the quarter was 77
cents​.
    * The mean earnings estimate of analysts had risen by
about 7.1%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Meridian Corp shares had risen by 5.6% this quarter.
    * The company reported quarterly net income of $4.56
million.
    * Wall Street's median 12-month price target for Meridian
Corp is
$36.00 
    * 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." 

This summary was machine generated from Refinitiv data January
30 at 10:38 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.90           0.77           Missed
 Sep. 30 2022      0.81           0.96           Beat
 Jun. 30 2022      1.05           0.96           Missed
 Mar. 31 2022      0.77           0.88           Beat