Primis Financial Corp reports results for the quarter ended in June - Earnings Summary

Primis Financial

28/07/2023 24:37

* Primis Financial Corp  FRST.OQ  reported a quarterly
adjusted
loss of 1 cent​​ per share for the quarter ended in June. The
mean expectation of three analysts for the quarter was
for earnings of 25 cents per share.
    * Revenue fell 4% to $26.16 million from a year ago;
analysts
expected $26.82 million. 
    * Primis Financial Corp's reported EPS for the quarter was a
loss
of 1 cent​.
    * The mean earnings estimate of analysts had fallen by
about 22.7%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Primis Financial Corp shares had risen by 16.5% this
quarter and
lost 17.2% so far this year.
    * The company reported a quarterly loss of $188 thousand.
    * Wall Street's median 12-month price target for Primis
Financial
Corp is $11.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 3 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
27 at 11:37 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.25           -0.01          Missed
 Mar. 31 2023      0.29           0.23           Missed
 Dec. 31 2022      0.29           0.03           Missed
 Sep. 30 2022      0.27           0.21           Missed