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

Midwestone Financial (IOWA)

27/04/2023 23:01

* Midwestone Financial Group Inc (IOWA)  MOFG.OQ  reported
quarterly adjusted earnings of 72 cents​​ per share for the
quarter ended in March. The mean expectation of four analysts
for the quarter was for earnings of 75 cents per share.
    * Revenue rose 7.3% to $40.08 million from a year ago;
analysts
expected $51.62 million. 
    * Midwestone Financial Group Inc (IOWA)'s reported EPS for
the
quarter was 9 cents​.
    * The mean earnings estimate of analysts had fallen by
about 24.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Midwestone Financial Group Inc (IOWA) shares had fallen
by 16.5%
this quarter and lost 35.7% so far this year.
    * The company reported quarterly net income of $1.4 million.
    * Wall Street's median 12-month price target for Midwestone
Financial Group Inc (IOWA) is $28.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 27 at 10:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.75           0.72           Missed
 Dec. 31 2022      1.09           1.02           Missed
 Sep. 30 2022      1.01           1.17           Beat
 Jun. 30 2022      0.85           0.80           Missed