Financial Institutions Inc reports results for the quarter ended in March - Earnings Summary

• Financial Institutions Inc FISI reported quarterly adjusted earnings of 11 cents​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 76 cents. The mean expectation of four analysts for the quarter was for earnings of 59 cents per share. Wall Street expected results to range from 42 cents to 68 cents per share.

• Revenue fell 4.1% to $40.08 million from a year ago; analysts expected $39.52 million.

• Financial Institutions Inc's reported EPS for the quarter was 11 cents​.

• The company reported quarterly net income of $1.71 million.

• Financial Institutions Inc shares had fallen by 5.6% this quarter and lost 16.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 21.8% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 4 "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 Financial Institutions Inc is $21.75

This summary was machine generated from LSEG data April 25 at 11:16 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)