Orrstown Financial Services Inc reports results for the quarter ended in September 30 - Earnings Summary

Orrstown Financial Services

23/10/2024 05:11

* Orrstown Financial Services Inc  ORRF.OQ  reported
quarterly
adjusted earnings of $1.11​​ per share for the quarter ended
September 30, 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 92 cents per
share. Wall Street expected results to range from 91 cents to 95
cents per share.
    * Revenue rose 129.2% to $60.09 million from a year ago;
analysts
expected $49.23 million. 
    * Orrstown Financial Services Inc's reported EPS for the
quarter
was a loss of 41 cents​.
    * The company reported a quarterly loss of $7.9 million.
    * Orrstown Financial Services Inc shares had risen by 1.1%
this
quarter and gained 23.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"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 $40.00 
This summary was machine generated from LSEG data October 23 at
04:11 a.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      0.92           1.11           Beat
 Jun. 30 2024      0.73           0.83           Beat
 Mar. 31 2024      0.73           0.81           Beat
 Dec. 31 2023      0.80           0.73           Missed