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

Meridian

02/05/2023 20:00

* Meridian Corp  MRBK.OQ  reported quarterly adjusted
earnings of
34 cents​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for earnings
of 32 cents per share.
    * Revenue fell 16.5% to $24.32 million from a year ago;
analysts
expected $25.78 million. 
    * Meridian Corp's reported EPS for the quarter was 34
cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Meridian Corp shares had fallen by 29.9% this quarter and
lost 41.7% so far this year.
    * The company reported quarterly net income of $4.02
million.
    * Wall Street's median 12-month price target for Meridian
Corp is
$15.00 
    * 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 LSEG Refinitiv data May
2 at 07:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.32           0.34           Beat
 Dec. 31 2022      0.45           0.39           Missed
 Sep. 30 2022      0.41           0.48           Beat
 Jun. 30 2022      0.53           0.48           Missed