A Preview Of First Merchants's Earnings
Portfolio Pulse from Benzinga Insights
First Merchants (NASDAQ:FRME) is expected to release its quarterly earnings report on January 25, 2024, with an estimated EPS of $0.87. Investors are looking for an earnings beat and positive guidance for the next quarter. The company's stock performance has been negative over the last year, with a 10.14% decline. Previous quarters show mixed results with both beats and misses, and the stock price reacted accordingly.
January 24, 2024 | 5:01 pm
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NEUTRAL IMPACT
First Merchants is anticipated to report quarterly earnings with an EPS estimate of $0.87. Investors will focus on earnings results and future guidance. The stock has declined by 10.14% over the last year, indicating bearish sentiment.
The short-term impact on FRME's stock price will likely depend on whether the earnings beat or miss the estimates and the guidance provided. The historical data shows that the stock price has been sensitive to past earnings performances. However, given the mixed historical reactions and the current bearish sentiment, the impact is uncertain, hence a neutral score.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100