Flushing Financial Corp reports results for the quarter ended in March - Earnings Summary

• Flushing Financial Corp FFIC reported quarterly adjusted earnings of 12 cents​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 17 cents. The mean expectation of five analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results to range from 10 cents to 18 cents per share.

• Revenue fell 12.8% to $45.48 million from a year ago; analysts expected $48.29 million.

• Flushing Financial Corp's reported EPS for the quarter was 12 cents​.

• The company reported quarterly net income of $3.68 million.

• Flushing Financial Corp shares had fallen by 5.3% this quarter and lost 27.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4.8% 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 2 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "hold"

Wall Street's median 12-month price target for Flushing Financial Corp is $15.50

This summary was machine generated from LSEG data April 23 at 10:36 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)