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

Primis Financial

26/10/2023 23:38

* Primis Financial Corp  FRST.OQ  reported quarterly
adjusted
earnings of 32 cents​​ per share for the quarter ended in
September. The mean expectation of three analysts for the
quarter was for earnings of 18 cents per share.
    * Revenue fell 1.2% to $27.13 million from a year ago;
analysts
expected $25.47 million. 
    * Primis Financial Corp's reported EPS for the quarter was
31
cents​.
    * The mean earnings estimate of analysts had fallen by
about 39.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Primis Financial Corp shares had fallen by 5.3% this
quarter and
lost 34.9% so far this year.
    * The company reported quarterly net income of $7.58
million.
    * 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
October 26 at 10:38 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.18           0.32           Beat
 Jun. 30 2023      0.25           0.04           Missed
 Mar. 31 2023      0.29           0.23           Missed
 Dec. 31 2022      0.29           0.03           Missed