NasdaqGS - Nasdaq Real Time Price • USD
Mercantile Bank Corporation (MBWM)
As of 10:46 AM EDT. Market Open.
Earnings Estimate
| CURRENCY IN USD | Current Qtr. (Jun 2024) | Next Qtr. (Sep 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| No. of Analysts | 3 | 3 | 3 | 3 |
| Avg. Estimate | 1.14 | 1.15 | 4.74 | 4.39 |
| Low Estimate | 1.1 | 1.11 | 4.65 | 4.26 |
| High Estimate | 1.21 | 1.21 | 4.91 | 4.47 |
| Year Ago EPS | 1.27 | 1.3 | 5.13 | 4.74 |
Revenue Estimate
| CURRENCY IN USD | Current Qtr. (Jun 2024) | Next Qtr. (Sep 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| No. of Analysts | 2 | 2 | 2 | 2 |
| Avg. Estimate | 56.31M | 56.65M | 226.77M | 228.34M |
| Low Estimate | 55.61M | 56.3M | 225.54M | 226.68M |
| High Estimate | 57M | 57M | 228M | 230M |
| Year Ago Sales | 51.84M | -- | 225.69M | 226.77M |
| Sales Growth (year/est) | 8.60% | -- | 0.50% | 0.70% |
Earnings History
| CURRENCY IN USD | 6/30/2023 | 9/30/2023 | 12/31/2023 | 3/31/2024 |
|---|---|---|---|---|
| EPS Est. | 1.1 | 1.15 | 1.24 | 1.14 |
| EPS Actual | 1.27 | 1.3 | 1.25 | 1.34 |
| Difference | 0.17 | 0.15 | 0.01 | 0.2 |
| Surprise % | 15.50% | 13.00% | 0.80% | 17.50% |
EPS Trend
| CURRENCY IN USD | Current Qtr. (Jun 2024) | Next Qtr. (Sep 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| Current Estimate | 1.14 | 1.15 | 4.74 | 4.39 |
| 7 Days Ago | 1.15 | 1.17 | 4.78 | 4.44 |
| 30 Days Ago | 1.16 | 1.17 | 4.61 | 4.42 |
| 60 Days Ago | 1.14 | 1.16 | 4.52 | 4.41 |
| 90 Days Ago | 1.14 | 1.16 | 4.52 | 4.41 |
EPS Revisions
| CURRENCY IN USD | Current Qtr. (Jun 2024) | Next Qtr. (Sep 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| Up Last 7 Days | -- | -- | -- | -- |
| Up Last 30 Days | -- | 1 | 3 | 1 |
| Down Last 7 Days | -- | -- | -- | -- |
| Down Last 30 Days | -- | -- | -- | -- |
Growth Estimates
| CURRENCY IN USD | MBWM | Industry | Sector | S&P 500 |
|---|---|---|---|---|
| Current Qtr. | -10.20% | -- | -- | 1.50% |
| Next Qtr. | -11.50% | -- | -- | 12.10% |
| Current Year | -7.60% | -- | -- | 4.40% |
| Next Year | -7.40% | -- | -- | 13.20% |
| Next 5 Years (per annum) | 8.00% | -- | -- | 10.97% |
| Past 5 Years (per annum) | 17.11% | -- | -- | -- |
Research Analysis
Upgrades & Downgrades
| Reiterates | Keefe, Bruyette & Woods: Outperform to Outperform | 4/17/2024 |
| Upgrade | Piper Sandler: Neutral to Overweight | 3/7/2023 |
| Downgrade | Raymond James: Outperform to Market Perform | 1/18/2023 |
| Maintains | Raymond James: Outperform | 10/19/2022 |
| Downgrade | Raymond James: Strong Buy to Outperform | 10/6/2022 |
| Upgrade | Raymond James: Outperform to Strong Buy | 3/2/2022 |
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