First Western Financial Inc reports results for the quarter ended in September 30 - Earnings Summary

Reuters
27 Oct 2024

* First Western Financial Inc reported quarterly adjusted earnings of 22 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 32 cents. The mean expectation of three analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from 26 cents to 30 cents per share.

* Revenue fell 0.5% to $22.54 million from a year ago; analysts expected $24.12 million.

* First Western Financial Inc's reported EPS for the quarter was 22 cents​.

* The company reported quarterly net income of $2.13 million.

* First Western Financial Inc shares had risen by 2.7% this quarter and gained 3.5% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts was unchanged in the last three months.​

* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for First Western Financial Inc is $23.50 This summary was machine generated from LSEG data October 27 at 03:53 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2024 0.28 0.22 Missed

Jun. 30 2024 0.30 0.11 Missed

Mar. 31 2024 0.22 0.26 Beat

Dec. 31 2023 0.32 0.03 Missed

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