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

QCR Holdings

24/07/2024 22:56

* QCR Holdings Inc  QCRH.OQ  reported quarterly adjusted
earnings
of $1.73​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of
$1.69.  The mean expectation of five analysts for the quarter
was for earnings of $1.41 per share. Wall Street expected
results to range from $1.33  to $1.46 per share.
    * Revenue rose 5.6% to $56.16 million from a year ago;
analysts
expected $65.25 million. 
    * QCR Holdings Inc's reported EPS for the quarter was
$1.72​.
    * The company reported quarterly net income of $29.11
million.
    * QCR Holdings Inc shares had risen by 20.0% this
quarter and
gained 23.3% 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 "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 $70.00 
This summary was machine generated from LSEG data July 24 at
09:56 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
 Jan. 1 0001       1.41           1.73           Beat
 Mar. 31 2024      1.30           1.59           Beat
 Dec. 31 2023      1.35           1.97           Beat
 Sep. 30 2023      1.36           1.51           Beat