Earnings Outlook For First Merchants
Portfolio Pulse from Benzinga Insights
First Merchants (NASDAQ:FRME) is set to release its quarterly earnings report on Tuesday, 2023-07-25. Analysts estimate an EPS of $1.02. The company's past performance shows a trend of share price changes following earnings reports. Last quarter, the company missed EPS by $0.07, resulting in a 2.66% drop in share price. The stock is currently trading at $31.79, down 15.74% over the last 52-week period.
July 24, 2023 | 6:02 pm
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First Merchants is expected to report an EPS of $1.02 in its upcoming earnings. The company's stock price has historically been affected by its earnings performance.
The upcoming earnings report is highly relevant to First Merchants' stock price, as past earnings performance has shown a correlation with price changes. However, the direction of the impact is uncertain as it depends on whether the company meets, exceeds, or falls short of the estimated EPS.
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IMPORTANCE 80
RELEVANCE 100