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.

Earnings

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.

Past Earnings Performance

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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Posted In: EarningsBZI-Recaps
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