Flushing Financial Corp reports results for the quarter ended June 30 - Earnings Summary

• Flushing Financial Corp FFIC.OQ reported quarterly adjusted earnings of 32 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 18 cents. The mean expectation of four analysts for the quarter was for earnings of 31 cents per share. Wall Street expected results to range from 27 cents to 36 cents per share.

• Revenue rose 35.1% to $63.49 million from a year ago; analysts expected $59.38 million.

• Flushing Financial Corp's reported EPS for the quarter was 41 cents​.

• The company reported quarterly net income of $14.08 million.

• Flushing Financial Corp shares had risen by 5.2% this quarter and lost 12.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for Flushing Financial Corp is $13.50, about 7.4% above its last closing price of $12.50

This summary was machine generated from LSEG data July 24 at 09:38 p.m. UTC. ​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)