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

Summit Financial

26/10/2023 13:05

* Summit Financial Group Inc  SMMF.OQ  reported quarterly
adjusted
earnings of $1.09​​ per share for the quarter ended in
September. The lone analyst forecast for the quarter was
for earnings of $1.03 per share.
    * Revenue rose 21% to $41.27 million from a year ago;
analysts
expected $41.93 million. 
    * Summit Financial Group Inc's reported EPS for the quarter
was
$1.09​.
    * The mean earnings estimate of analysts had risen by
about 2% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Summit Financial Group Inc shares had fallen by 0.7% this
quarter and lost 10.0% so far this year.
    * The company reported quarterly net income of $16.33
million.
    * Wall Street's median 12-month price target for Summit
Financial
Group Inc is $25.00 
    * 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
October 26 at 12:05 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.03           1.09           Beat
 Jun. 30 2023      0.74           0.54           Missed
 Mar. 31 2023      1.06           1.10           Beat
 Dec. 31 2022      1.19           1.16           Missed