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

Midwestone Financial (IOWA)

26/10/2023 23:44

* Midwestone Financial Group Inc (IOWA)  MOFG.OQ  reported
quarterly adjusted earnings of 58 cents​​ per share for the
quarter ended in September. The mean expectation of
four analysts for the quarter was for earnings of 57 cents per
share.
    * Revenue fell 24.4% to $34.58 million from a year ago;
analysts
expected $37.40 million. 
    * Midwestone Financial Group Inc (IOWA)'s reported EPS for
the
quarter was 58 cents​.
    * The mean earnings estimate of analysts had fallen by
about 15.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Midwestone Financial Group Inc (IOWA) shares had fallen
by 4.6%
this quarter and lost 38.9% so far this year.
    * The company reported quarterly net income of $9.14
million.
    * Wall Street's median 12-month price target for Midwestone
Financial Group Inc (IOWA) is $24.50 
    * 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
October 26 at 10:43 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      1.09           1.02           Missed