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

Summit Financial

25/04/2024 14:32

* Summit Financial Group Inc  SMMF.OQ  reported quarterly
adjusted
earnings of $1.14​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of $1.10.  The lone analyst forecast for the
quarter was for earnings of $1.07 per share. 
    * Revenue rose 16.8% to $39.92 million from a year ago;
analysts
expected $44.67 million. 
    * Summit Financial Group Inc's reported EPS for the quarter
was
$1.14​.
    * The company reported quarterly net income of $16.82
million.
    * Summit Financial Group Inc shares had risen by 2.1% this
quarter and lost 9.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Summit Financial
Group Inc is $30.00 
This summary was machine generated from LSEG data April 25 at
01:31 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
 Mar. 31 2024      1.07           1.14           Beat
 Dec. 31 2023      1.10           1.06           Missed
 Sep. 30 2023      1.03           1.14           Beat
 Jun. 30 2023      0.74           0.54           Missed