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

Summit Financial

27/10/2022 12:04

* Summit Financial Group Inc  SMMF.OQ  reported quarterly
adjusted
earnings of $1.11​​ per share for the quarter ended in
September. The mean expectation of two analysts for the quarter
was for earnings of $1.14 per share.
    * Revenue rose 21.7% to $34.11 million from a year ago;
analysts
expected $33.02 million. 
    * Summit Financial Group Inc's reported EPS for the quarter
was
$1.11​.
    * The mean earnings estimate of analysts had risen by
about 5.1%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Summit Financial Group Inc shares had risen by 7.5% this
quarter and gained 5.5% so far this year.
    * The company reported quarterly net income of $14.2
million.
    * Wall Street's median 12-month price target for Summit
Financial
Group Inc is $31.75 
    * 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 October
27 at 11:04 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2021      0.88           0.95           Beat