We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Unlocking Q4 Potential of Lakeland Financial (LKFN): Exploring Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Analysts on Wall Street project that Lakeland Financial (LKFN - Free Report) will announce quarterly earnings of $0.88 per share in its forthcoming report, representing a decline of 12.9% year over year. Revenues are projected to reach $58.2 million, declining 13.6% from the same quarter last year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Lakeland Financial metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Net Interest Margin' to come in at 3.2%. The estimate is in contrast to the year-ago figure of 3.9%.
Analysts forecast 'Efficiency ratio' to reach 49.0%. The estimate compares to the year-ago value of 40.7%.
According to the collective judgment of analysts, 'Total Non Interest Income' should come in at $10.85 million. Compared to the present estimate, the company reported $10.52 million in the same quarter last year.
Over the past month, Lakeland Financial shares have recorded returns of -0.29% versus the Zacks S&P 500 composite's +1.6% change. Based on its Zacks Rank #2 (Buy), LKFN will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Unlocking Q4 Potential of Lakeland Financial (LKFN): Exploring Wall Street Estimates for Key Metrics
Analysts on Wall Street project that Lakeland Financial (LKFN - Free Report) will announce quarterly earnings of $0.88 per share in its forthcoming report, representing a decline of 12.9% year over year. Revenues are projected to reach $58.2 million, declining 13.6% from the same quarter last year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Lakeland Financial metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Net Interest Margin' to come in at 3.2%. The estimate is in contrast to the year-ago figure of 3.9%.
Analysts forecast 'Efficiency ratio' to reach 49.0%. The estimate compares to the year-ago value of 40.7%.
According to the collective judgment of analysts, 'Total Non Interest Income' should come in at $10.85 million. Compared to the present estimate, the company reported $10.52 million in the same quarter last year.
View all Key Company Metrics for Lakeland Financial here>>>
Over the past month, Lakeland Financial shares have recorded returns of -0.29% versus the Zacks S&P 500 composite's +1.6% change. Based on its Zacks Rank #2 (Buy), LKFN will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>