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

Summit Financial

27/07/2023 13:22

* Summit Financial Group Inc  SMMF.OQ  reported quarterly
adjusted
earnings of 54 cents​​ per share for the quarter ended in June.
The lone analyst forecast for the quarter was for earnings of 74
cents per share.
    * Revenue rose 30.2% to $40.31 million from a year ago;
analysts
expected $38.10 million. 
    * Summit Financial Group Inc's reported EPS for the quarter
was 54
cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.6%
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 12.7% this
quarter and lost 6.4% so far this year.
    * The company reported quarterly net income of $7.98
million.
    * Wall Street's median 12-month price target for Summit
Financial
Group Inc is $22.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
27 at 12:22 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.74           0.54           Missed
 Mar. 31 2023      1.06           1.10           Beat
 Dec. 31 2022      1.19           1.16           Missed
 Sep. 30 2022      1.14           1.11           Missed