* Midland States Bancorp Inc reported quarterly adjusted earnings of 74 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 41 cents. The mean expectation of five analysts for the quarter was for earnings of 64 cents per share. Wall Street expected results to range from 58 cents to 66 cents per share.
* Revenue fell 3.2% to $74.29 million from a year ago; analysts expected $73.07 million.
* Midland States Bancorp Inc's reported EPS for the quarter was 74 cents.
* The company reported quarterly net income of $18.48 million.
* Midland States Bancorp Inc shares had risen by 2.6% this quarter and lost 16.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 11% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 5 "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 Midland States Bancorp Inc is $24.50 This summary was machine generated from LSEG data October 27 at 03:46 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
Sep. 30 2024 0.64 0.74 Beat
Jun. 30 2024 0.70 0.20 Missed
Mar. 31 2024 0.73 0.53 Missed
Dec. 31 2023 0.79 0.84 Beat
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