Midland States Bancorp Inc expected to post earnings of 79 cents a share - Earnings Preview

Midland States Bancorp

23/01/2024 21:11

* Midland States Bancorp Inc  MSBI.OQ   MSBI.O  is expected
to show a fall in quarterly revenue when it reports  results on
January 25 for the period ending December 31 2023
    * The Effingham Illinois-based  company is expected to
report a
22.5% decrease in revenue to $75.494 million from $97.39 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data. (Sales/Revenue Majority Basis is on Total
Revenue)
    * ​LSEG's mean analyst estimate for Midland States Bancorp
Inc is
for earnings of 79 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"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 Midland
States
Bancorp Inc is $27.00​, above​ its last closing price of $26.99.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.77        0.77       0.41      Missed  -46.8
 Jun. 30 2023  0.80        0.80       0.87      Beat    8.9
 Mar. 31 2023  0.83        0.82       0.88      Beat    7.3​
 Dec. 31 2022  0.93        0.92       1.30      Beat    40.6
 ​​Sep.        1.00        1.01       1.04      Beat    3.1
 30 2022                                                
 Jun. 30 2022  0.94        0.93       0.97      Beat    4​
 Mar. 31 2022  0.85        0.86       0.92      Beat    7.4
 Dec. 31 2021  0.87        0.88       1.02      Beat    16.6
 This summary was machine generated January 23 at 21:11 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)