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

Meridian

30/10/2023 11:59

* Meridian Corp  MRBK.OQ  reported quarterly adjusted
earnings of
35 cents​​ per share for the quarter ended in September. The
mean expectation of three analysts for the quarter was
for earnings of 38 cents per share.
    * Revenue fell 10.4% to $25.31 million from a year ago;
analysts
expected $26.77 million. 
    * Meridian Corp's reported EPS for the quarter was 35
cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Meridian Corp shares had fallen by 2.4% this quarter and
lost 36.9% so far this year.
    * The company reported quarterly net income of $4.01
million.
    * Wall Street's median 12-month price target for Meridian
Corp is
$13.00 
    * 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
October 30 at 11:59 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.38           0.35           Missed
 Jun. 30 2023      0.38           0.41           Beat
 Mar. 31 2023      0.32           0.34           Beat
 Dec. 31 2022      0.45           0.39           Missed