Sell-side Wall Street brokerage firms are projecting that Lakeland Financial Corporation (NASDAQ:LKFN) will post earnings of $0.53 per share when the company releases their quarterly report today.
Most recently Lakeland Financial Corporation (NASDAQ:LKFN) reported a surprise factor of 7.55%. The actual number was $0.04 away from the Zacks consensus just prior to the actual release. A significant surprise factor can lead to stock swings in the price in the hours and days following the earnings report.
Projected Stock Movement
Research analysts covering shares of Lakeland Financial Corporation (NASDAQ:LKFN) are anticipating on a consensus basis that the stock will reach $42.666 within the next 52 weeks. Of the analysts providing short term targets, the most bullish analyst has a $49 target on the stock. On the other end, the most conservative has a short term target of $32. This is based on the 3 analysts taken into consideration by Zacks. The consensus price target was last revised on 2017-04-26.
Zacks also provides a simplified scale for analyst recommendations. They use a one to five scale where they translate brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 represents a consensus Sell rating. Lakeland Financial Corporation (NASDAQ:LKFN) currently has an ABR of 2.6 heading into today’s announcement. This number is also based on the 3 sell-side firms polled by Zacks.
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This article is informational purposes only and should not be considered a recommendation to buy or sell Lakeland Financial Corporation.