Orrstown Financial Services Inc expected to post earnings of 80 cents a share - Earnings Preview

Orrstown Financial Services

19/01/2024 11:32

* Orrstown Financial Services Inc  ORRF.OQ   ORRF.O  is
expected
to show a fall in quarterly revenue when it reports  results on
January 22 (estimated) for the period ending December 31 2023
    * The Shippensburg Pennsylvania-based  company is expected
to
report a 4.5% decrease in revenue to $26.251 million from $27.48
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data. (Sales is on Net interest income
basis)
    * ​LSEG's mean analyst estimate for Orrstown Financial
Services
Inc is for earnings of 80 cents per share. 
    * 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 mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Orrstown
Financial Services Inc is $31.00​, above​ its last closing price
of $27.65. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.81        0.81       0.87      Beat    7.9
 Jun. 30 2023  0.79        0.79       0.94      Beat    19.7
 Mar. 31 2023  0.83        0.82       0.87      Beat    5.8​
 Dec. 31 2022  0.83        0.81       0.91      Beat    11.9
 ​​Sep.        0.70        0.68       0.75      Beat    10.3
 30 2022                                                
 Jun. 30 2022  0.66        0.65       0.83      Beat    27.4​
 Mar. 31 2022  0.59        0.60       0.76      Beat    26.6
 Dec. 31 2021  0.64        0.65       0.60      Missed  -7.3
 This summary was machine generated January 19 at 11:32 GMT.  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)