Orrstown Financial Services Inc reports results for the quarter ended in March - Earnings Summary

Orrstown Financial Services

25/04/2023 21:52

* Orrstown Financial Services Inc  ORRF.OQ  reported
quarterly
adjusted earnings of 87 cents​​ per share for the quarter ended
in March. The mean expectation of three analysts for the quarter
was for earnings of 82 cents per share.
    * Revenue rose 16.5% to $26.29 million from a year ago;
analysts
expected $28.65 million. 
    * Orrstown Financial Services Inc's reported EPS for the
quarter
was 87 cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Orrstown Financial Services Inc shares had fallen by 5.6%
this
quarter and lost 19.1% so far this year.
    * The company reported quarterly net income of $9.16
million.
    * Wall Street's median 12-month price target for Orrstown
Financial Services Inc is $27.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
April 25 at 08:52 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.82           0.87           Beat
 Dec. 31 2022      0.81           0.91           Beat
 Sep. 30 2022      0.68           0.75           Beat
 Jun. 30 2022      0.65           0.83           Beat