Farmers & Merchants Bancorp Inc reports results for the quarter ended in March - Earnings Summary

• Farmers & Merchants Bancorp Inc FMAO reported quarterly adjusted earnings of 39 cents​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 47 cents. The mean expectation of three analysts for the quarter was for earnings of 35 cents per share. Wall Street expected results to range from 33 cents to 36 cents per share.

• Revenue fell 14.9% to $18.44 million from a year ago; analysts expected $19.53 million.

• Farmers & Merchants Bancorp Inc's reported EPS for the quarter was 39 cents​.

• The company reported quarterly net income of $5.36 million.

• Farmers & Merchants Bancorp Inc shares had fallen by 8.0% this quarter and lost 17.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 13.7% 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 no "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 Farmers & Merchants Bancorp Inc is $22.00

This summary was machine generated from LSEG data May 1 at 09:33 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)