* Lakeland Financial Corp reported quarterly adjusted earnings of 91 cents per share for the quarter ended January 1, lower than the same quarter last year, when the company reported EPS of 98 cents. The mean expectation of four analysts for the quarter was for earnings of 88 cents per share. Wall Street expected results to range from 86 cents to 90 cents per share.
* Revenue rose 3.3% to $61.19 million from a year ago; analysts expected $61.34 million.
* Lakeland Financial Corp's reported EPS for the quarter was 91 cents.
* The company reported quarterly net income of $23.34 million.
* Lakeland Financial Corp shares had fallen by 0.6% this quarter and lost 0.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 0.5% in the last three months.
* In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "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 Lakeland Financial Corp is 65.00 This summary was machine generated from LSEG data October 27 at 03:45 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 0.88 0.91 Beat
Jun. 30 2024 0.85 0.87 Beat
Mar. 31 2024 0.86 0.91 Beat
Dec. 31 2023 0.89 1.16 Beat
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