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

Primis Financial

26/04/2024 01:41

* Primis Financial Corp  FRST.OQ  reported quarterly
adjusted
earnings of 26 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 23 cents.  The mean expectation of
three analysts for the quarter was for earnings of 34 cents per
share. Wall Street expected results to range from 31 cents to 35
cents per share.
    * Revenue fell 0.3% to $28.33 million from a year ago;
analysts
expected $28.07 million. 
    * Primis Financial Corp's reported EPS for the quarter was
26
cents​.
    * The company reported quarterly net income of $6.33
million.
    * Primis Financial Corp shares had fallen by 10.2% this
quarter and lost 13.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 17.4%
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 3 "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 $16.00 
This summary was machine generated from LSEG data April 26 at
12:41 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
 Mar. 31 2024      0.34           0.26           Missed
 Dec. 31 2023      0.28           0.35           Beat
 Sep. 30 2023      0.18           0.32           Beat
 Jun. 30 2023      0.25           0.04           Missed