Recap: Farmers & Merchants Q1 Earnings

Farmers & Merchants FMAO reported its Q1 earnings results on Wednesday, April 19, 2023 at 04:30 PM.

Here's what investors need to know about the announcement.

Farmers & Merchants missed estimated earnings by 14.55%, reporting an EPS of $0.47 versus an estimate of $0.55.

Revenue was up $1.73 million from the same period last year.

Last quarter the company missed on EPS by $0.02 which was followed by a 8.14% drop in the share price the next day.

Here's a look at Farmers & Merchants's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.67	0.73	0.61	0.56
EPS Actual	0.65	0.68	0.63	0.62
Revenue Estimate	24.30M	22.80M	20.60M	19.57M
Revenue Actual	26.70M	26.32M	25.18M	24.13M

Listen to the earnings announcement yourself by clicking here.

To track all earnings releases for Farmers & Merchants visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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