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

Primis Financial

26/07/2024 24:32

* Primis Financial Corp  FRST.OQ  reported quarterly
adjusted
earnings of 32 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 4 cents.  The mean expectation of two analysts
for the quarter was for earnings of 39 cents per share. 
    * Revenue rose 5.6% to $27.63 million from a year ago;
analysts
expected $29.29 million. 
    * Primis Financial Corp's reported EPS for the quarter was
32
cents​.
    * The company reported quarterly net income of $7.82
million.
    * Primis Financial Corp shares had risen by 21.1% this
quarter and
gained 0.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.4%
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
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "strong buy"

Wall Street's median 12-month price target for Primis Financial
Corp is $16.13 
This summary was machine generated from LSEG data July 25 at
11:32 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
 Jun. 30 2024      0.39           0.32           Missed
 Mar. 31 2024      0.34           0.26           Missed
 Dec. 31 2023      0.28           0.35           Beat
 Sep. 30 2023                     0.32