Stock Yards Bancorp Inc reports results for the quarter ended in June - Earnings Summary

Stock Yards Bancorp

26/07/2023 19:09

* Stock Yards Bancorp Inc  SYBT.OQ  reported quarterly
adjusted
earnings of 94 cents​​ per share for the quarter ended in June.
The mean expectation of six analysts for the quarter was
for earnings of 92 cents per share.
    * Revenue rose 1.9% to $80.44 million from a year ago;
analysts
expected $87.70 million. 
    * Stock Yards Bancorp Inc's reported EPS for the quarter was
94
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Stock Yards Bancorp Inc shares had risen by 5.3% this
quarter and lost 26.5% so far this year.
    * The company reported quarterly net income of $27.66
million.
    * Wall Street's median 12-month price target for Stock Yards
Bancorp Inc is $52.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 06:09 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.92           0.94           Beat
 Mar. 31 2023      0.92           0.99           Beat
 Dec. 31 2022      0.97           1.01           Beat
 Sep. 30 2022      0.92           0.97           Beat