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

Midwestone Financial (IOWA)

26/04/2024 03:19

* Midwestone Financial Group Inc (IOWA)  MOFG.OQ  reported
quarterly adjusted earnings of 21 cents​​ per share for the
quarter ended in March, lower than the same quarter last year,
when the company reported EPS of 72 cents.  The mean expectation
of five analysts for the quarter was for earnings of 39 cents
per share. Wall Street expected results to range from 31 cents
to 49 cents per share.
    * Revenue fell 13.3% to $34.73 million from a year ago;
analysts
expected $34.59 million. 
    * Midwestone Financial Group Inc (IOWA)'s reported EPS for
the
quarter was 21 cents​.
    * The company reported quarterly net income of $3.27
million.
    * Midwestone Financial Group Inc (IOWA) shares had fallen
by 8.5%
this quarter and lost 20.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"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 April 26 at
02:19 a.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
 Mar. 31 2024      0.39           0.21           Missed
 Dec. 31 2023      0.49           0.60           Beat
 Sep. 30 2023      0.57           0.58           Beat
 Jun. 30 2023      0.68           0.57           Missed