Fulton Financial Corporation reports results for the quarter ended September 30 - Earnings Summary

• Fulton Financial Corporation reported quarterly adjusted earnings of 59 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 53 cents. The mean expectation of seven analysts for the quarter was for earnings of 53 cents per share. Wall Street expected results to range from 47 cents to 57 cents per share.

• Revenue rose 9.8% to $290.04 million from a year ago; analysts expected $302.87 million.

• Fulton Financial Corporation's reported EPS for the quarter was 59 cents​.

• The company reported quarterly net income of $114.1 million.

• Fulton Financial Corporation shares had risen by 0.3% this quarter and gained 17.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.6% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for Fulton Financial Corporation is $26.00, about 13% above its last closing price of $22.63

This summary was machine generated from LSEG data October 21 at 09:44 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)