Primis Financial Corp reports results for the quarter ended in September 30 - Earnings Summary

Primis Financial

27/10/2024 15:52

* Primis Financial Corp  FRST.OQ  reported quarterly
adjusted
earnings of 8 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 32 cents.  The mean expectation of two analysts
for the quarter was for earnings of 43 cents per share. 
    * Revenue rose 3.3% to $28.02 million from a year ago;
analysts
expected $30.31 million. 
    * Primis Financial Corp's reported EPS for the quarter was 5
cents​.
    * The company reported quarterly net income of $1.21
million.
    * Primis Financial Corp shares had fallen by 3.1% this
quarter and
lost 6.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 October 27 at
03:52 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
 Sep. 30 2024      0.43           0.08           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