QCR Holdings Inc reports results for the quarter ended in December - Earnings Summary

QCR Holdings

23/01/2024 22:40

* QCR Holdings Inc  QCRH.OQ  reported quarterly adjusted
earnings
of $1.97​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of $1.83.  The mean expectation of five analysts for the quarter
was for earnings of $1.35 per share. Wall Street expected
results to range from $1.30  to $1.42 per share.
    * Revenue fell 14.5% to $55.74 million from a year ago;
analysts
expected $58.53 million. 
    * QCR Holdings Inc's reported EPS for the quarter was
$1.95​.
    * The company reported quarterly net income of $32.86
million.
    * QCR Holdings Inc shares had fallen by 1.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.7%
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 "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for QCR Holdings Inc
is $67.00 
This summary was machine generated from LSEG data January 23 at
10:40 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
 Dec. 31 2023      1.35           1.97           Beat
 Sep. 30 2023      1.36           1.51           Beat
 Jun. 30 2023      1.34           1.69           Beat
 Mar. 31 2023      1.51           1.65           Beat