Farmers & Merchants Bancorp Inc. (FMAO - Free Report) reported $24.39 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 3.1%. EPS of $0.45 for the same period compares to $0.63 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $25.3 million, representing a surprise of -3.60%. The company delivered an EPS surprise of -2.17%, with the consensus EPS estimate being $0.46.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Farmers & Merchants Bancorp Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin [%]: 2.73% compared to the 2.96% average estimate based on two analysts.
- Efficiency Ratio [%]: 69.06% compared to the 66.26% average estimate based on two analysts.
- Net Interest Income - Before provision for loan losses: $20.12 million versus $21.48 million estimated by two analysts on average.
- Total noninterest income: $4.27 million versus $3.82 million estimated by two analysts on average.
View all Key Company Metrics for Farmers & Merchants Bancorp Inc. here>>>Shares of Farmers & Merchants Bancorp Inc. have returned +0.7% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Farmers & Merchants Bancorp Inc. (FMAO - Free Report) reported $24.39 million in revenue for the quarter ended June 2023, representing a year-over-year decline of 3.1%. EPS of $0.45 for the same period compares to $0.63 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $25.3 million, representing a surprise of -3.60%. The company delivered an EPS surprise of -2.17%, with the consensus EPS estimate being $0.46.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Farmers & Merchants Bancorp Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin [%]: 2.73% compared to the 2.96% average estimate based on two analysts.
- Efficiency Ratio [%]: 69.06% compared to the 66.26% average estimate based on two analysts.
- Net Interest Income - Before provision for loan losses: $20.12 million versus $21.48 million estimated by two analysts on average.
- Total noninterest income: $4.27 million versus $3.82 million estimated by two analysts on average.
View all Key Company Metrics for Farmers & Merchants Bancorp Inc. here>>>Shares of Farmers & Merchants Bancorp Inc. have returned +0.7% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
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