Although the revenue and EPS for Farmers National (FMNB) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Farmers National Banc (FMNB) came out with quarterly earnings of $0.23 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.40 per share a year ago.
Farmers National (FMNB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Interest rate cuts will not only boost loan growth, but also drive the margin up. Loan growth will be weak in the agricultural segment. However, residential and non-farm commercial loans should make up for agricultural loans. The year-end target price suggests a small upside. Further, FMNB is offering a dividend yield of 4.4%.
Farmers National (FMNB) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
After reaching an important support level, Farmers National Banc Corp. (FMNB) could be a good stock pick from a technical perspective. FMNB recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.
Although the revenue and EPS for Farmers National (FMNB) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Farmers National Banc (FMNB) came out with quarterly earnings of $0.33 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.41 per share a year ago.