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

Summit Financial

28/07/2022 21:06

* Summit Financial Group Inc  SMMF.OQ  reported quarterly
adjusted
earnings of 92 cents​​ per share for the quarter ended in June.
The mean expectation of two analysts for the quarter was
for earnings of 96 cents per share.
    * Revenue rose 15.5% to $30.97 million from a year ago;
analysts
expected $30.94 million. 
    * Summit Financial Group Inc's reported EPS for the quarter
was 92
cents​.
    * 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. 
    * Summit Financial Group Inc shares had risen by 5.3% this
quarter and gained 6.6% so far this year.
    * The company reported quarterly net income of $11.79
million.
    * Wall Street's median 12-month price target for Summit
Financial
Group Inc is $31.50 
    * 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 July 28
at 08:05 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.96           0.92           Missed
 Mar. 31 2022      0.86           0.90           Beat
 Dec. 31 2021      0.88           0.95           Beat
 Sep. 30 2021      0.84           0.92           Beat