Stock Yards Bancorp Inc reports results for the quarter ended in September 30 - Earnings Summary

Stock Yards Bancorp

23/10/2024 14:36

* Stock Yards Bancorp Inc  SYBT.OQ  reported quarterly
adjusted
earnings of $1.00​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 92 cents.  The mean expectation of six analysts
for the quarter was for earnings of 94 cents per share. Wall
Street expected results to range from 88 cents to 98 cents per
share.
    * Revenue rose 11.2% to $89.78 million from a year ago;
analysts
expected $87.88 million. 
    * Stock Yards Bancorp Inc's reported EPS for the quarter was
$1.00​.
    * The company reported quarterly net income of $29.36
million.
    * Stock Yards Bancorp Inc shares had risen by 4.4% this
quarter and gained 25.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.8%
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," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
 "hold."

Wall Street's median 12-month price target for Stock Yards
Bancorp Inc is 64.00 
This summary was machine generated from LSEG data October 23 at
01:36 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       0.94           1.00           Beat
 Jun. 30 2024      0.84           0.94           Beat
 Mar. 31 2024      0.81                          
 Dec. 31 2023      0.86           0.82           Missed