Midwestone Financial Group Inc (IOWA) reports results for the quarter ended in September 30 - Earnings Summary

Midwestone Financial (IOWA)

27/10/2024 15:52

* Midwestone Financial Group Inc (IOWA)  MOFG.OQ  reported
quarterly adjusted earnings of 52 cents​​ per share for the
quarter ended September 30, lower than the same quarter last
year, when the company reported EPS of 58 cents.  The mean
expectation of five analysts for the quarter was for earnings of
56 cents per share. Wall Street expected results to range from
54 cents to 57 cents per share.
    * Revenue rose 8.5% to $37.52 million from a year ago;
analysts
expected $37.44 million. 
    * Midwestone Financial Group Inc (IOWA)'s reported EPS for
the
quarter was a loss of $6.05​.
    * The company reported a quarterly loss of $95.71 million.
    * Midwestone Financial Group Inc (IOWA) shares had risen
by 2.5%
this quarter and gained 8.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.8%
in the last three months.​ 
    * In the last 30 days, three 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 $32.00 
This summary was machine generated from LSEG data October 27 at
03:52 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
 Sep. 30 2024      0.56           0.52           Missed
 Jun. 30 2024      0.49           1.00           Beat
 Mar. 31 2024      0.39           0.21           Missed
 Dec. 31 2023      0.49           0.60           Beat