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

Stock Yards Bancorp

24/07/2024 14:52

* Stock Yards Bancorp Inc  SYBT.OQ  reported quarterly
adjusted
earnings of 94 cents​​ per share for the quarter ended in June,
identical to the same quarter last year.  The mean expectation
of five analysts for the quarter was for earnings of 84 cents
per share. Wall Street expected results to range from 81 cents
to 87 cents per share.
    * Revenue rose 6.5% to $85.68 million from a year ago;
analysts
expected $83.85 million. 
    * Stock Yards Bancorp Inc's reported EPS for the quarter was
94
cents​.
    * The company reported quarterly net income of $27.6
million.
    * Stock Yards Bancorp Inc shares had risen by 18.4% this
quarter and gained 14.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"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 Stock Yards
Bancorp Inc is $53.50 
This summary was machine generated from LSEG data July 24 at
01:52 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
 Jun. 30 2024      0.84           0.94           Beat
 Mar. 31 2024      0.81           0.88           Beat
 Dec. 31 2023      0.86           0.82           Missed
 Sep. 30 2023      0.91           0.92           Beat