Summit Financial Group Inc reports results for the quarter ended in December - Earnings Summary

Summit Financial

26/01/2023 12:31

* Summit Financial Group Inc  SMMF.OQ  reported quarterly
adjusted
earnings of $1.16​​ per share for the quarter ended in December.
The mean expectation of two analysts for the quarter was
for earnings of $1.19 per share.
    * Revenue rose 19.1% to $34.35 million from a year ago;
analysts
expected $37.58 million. 
    * Summit Financial Group Inc's reported EPS for the quarter
was
$1.16​.
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Summit Financial Group Inc shares had fallen by 1.5% this
quarter.
    * The company reported quarterly net income of $14.86
million.
    * Wall Street's median 12-month price target for Summit
Financial
Group Inc is $30.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data January
26 at 12:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      1.19           1.16           Missed
 Sep. 30 2022      1.14           1.11           Missed
 Jun. 30 2022      0.96           0.92           Missed
 Mar. 31 2022      0.86           0.90           Beat