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

Midwestone Financial (IOWA)

25/01/2024 23:49

* Midwestone Financial Group Inc (IOWA)  MOFG.OQ  reported
quarterly adjusted earnings of 17 cents​​ per share for the
quarter ended in December, lower than the same quarter last
year, when the company reported EPS of $1.02.  The mean
expectation of three analysts for the quarter was for earnings
of 49 cents per share. Wall Street expected results to range
from 47 cents to 50 cents per share.
    * Revenue fell 25.3% to $32.56 million from a year ago;
analysts
expected $34.02 million. 
    * Midwestone Financial Group Inc (IOWA)'s reported EPS for
the
quarter was 17 cents​.
    * The company reported quarterly net income of $2.73
million.
    * Midwestone Financial Group Inc (IOWA) shares had fallen
by 2.8%
this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * 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 $27.00 
This summary was machine generated from LSEG data January 25 at
11:49 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 2023      0.49           0.17           Missed
 Sep. 30 2023      0.57           0.58           Beat
 Jun. 30 2023      0.68           0.57           Missed
 Mar. 31 2023      0.75           0.72           Missed