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

Orrstown Financial Services

23/04/2024 21:44

* Orrstown Financial Services Inc  ORRF.OQ  reported
quarterly
adjusted earnings of 88 cents​​ per share for the quarter ended
in March, higher than the same quarter last year, when the
company reported EPS of 87 cents.  The mean expectation of
three analysts for the quarter was for earnings of 73 cents per
share. Wall Street expected results to range from 71 cents to 75
cents per share.
    * Revenue rose 18% to $31.02 million from a year ago;
analysts
expected $25.80 million. 
    * Orrstown Financial Services Inc's reported EPS for the
quarter
was 88 cents​.
    * Orrstown Financial Services Inc shares had fallen by 2.8%
this
quarter and lost 11.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Orrstown
Financial Services Inc is $32.00 
This summary was machine generated from LSEG data April 23 at
08:44 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
 Mar. 31 2024      0.73           0.88           Beat
 Dec. 31 2023      0.80           0.73           Missed
 Sep. 30 2023      0.81           0.87           Beat
 Jun. 30 2023      0.79           0.94           Beat