Midwestone Financial Group Inc (IOWA) reports results for the quarter ended December 31 - Earnings Summary

Midwestone Financial (IOWA)

23/01/2025 23:01

* Midwestone Financial Group Inc (IOWA)  MOFG.OQ  reported
quarterly adjusted earnings of 78 cents​​ per share for the
quarter ended December 31, higher than the same quarter last
year, when the company reported EPS of 60 cents.  The mean
expectation of five analysts for the quarter was for earnings of
72 cents per share. Wall Street expected results to range from
70 cents to 75 cents per share.
    * Revenue rose 50.3% to $48.94 million from a year ago;
analysts
expected $46.09 million. 
    * Midwestone Financial Group Inc (IOWA)'s reported EPS for
the
quarter was 78 cents​.
    * The company reported quarterly net income of $16.33
million.
    * Midwestone Financial Group Inc (IOWA) shares had risen
by 3.4%
this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Midwestone
Financial Group Inc (IOWA) is $36.00 
This summary was machine generated from LSEG data January 23 at
11:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.72           0.78           Beat
 Sep. 30 2024      0.56           0.52           Missed
 Jun. 30 2024      0.49           1.00           Beat
 Mar. 31 2024      0.39           0.21           Missed