Mercantile Bank Corp <MBWM.OQ> expected to post earnings of $1.19 a share - Earnings Preview
Mercantile Bank Corp MBWM.OQ MBWM.O is expected to show a rise in quarterly revenue when it reports results on April 22 for the period ending March 31 2025
The Grand Rapids Michigan-based company is expected to report a 14.7% increase in revenue to $57.43 million from $50.07 million a year ago, according to the mean estimate from 4 analysts, based on LSEG data.
LSEG's mean analyst estimate for Mercantile Bank Corp is for earnings of $1.19 per share.
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Mercantile Bank Corp is $52.50, above its last closing price of $40.68.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Dec. 31 2024 | 1.16 | 1.15 | 1.22 | Beat | 6.4 |
Sep. 30 2024 | 1.19 | 1.17 | 1.22 | Beat | 4.1 |
Jun. 30 2024 | 1.14 | 1.16 | 1.17 | Beat | 1.3 |
Mar. 31 2024 | 1.16 | 1.14 | 1.34 | Beat | 17.2 |
Dec. 31 2023 | 1.25 | 1.24 | 1.25 | Beat | 1.1 |
Sep. 30 2023 | 1.15 | 1.15 | 1.30 | Beat | 13.3 |
Jun. 30 2023 | 1.12 | 1.10 | 1.27 | Beat | 15 |
Mar. 31 2023 | 1.17 | 1.16 | 1.31 | Beat | 13.1 |
This summary was machine generated April 18 at 12:39 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
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