MutualFirst Financial Inc. Second Quarter Earnings Sneak Peek

MutualFirst Financial Inc. (NASDAQ:MFSF) will unveil its latest earnings on Monday, July 11, 2011. MutualFirst Financial, Inc. is a savings and loan holding Company, which through its subsidiary, MutualBank, attracts retail deposits from the general public and invests those funds in loans.

MutualFirst Financial Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 8 cents per share, a decline of 57.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 21 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 8 cents during the last month. For the year, analysts are projecting net income of 23 cents per share, a decline of 66.7% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported a loss of 17 cents per share versus a mean estimate of profit of 16 cents per share. In fourth quarter of the last fiscal year, the company beat estimates by 5 cents.

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Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 11.6% to $18.5 million in first quarter. The figure fell 12.8% in the fourth quarter of the last fiscal year from the year earlier, dropped 4% in third quarter of the last fiscal year from the year-ago quarter and 6% in the second quarter of the last fiscal year.

MutualFirst Financial’s loss in the latest quarter follows profits in the previous three quarters. The company reported a loss of of $693,408 in the first quarter, a profit of $1.8 million in the fourth quarter of the last fiscal year, a profit of $1.6 million in the third of the last fiscal year and a profit of $1.8 million in the second quarter of the last fiscal year.

Competitors to Watch: LSB Financial Corp. (NASDAQ:LSBI), LAPORTE BANCORP, INC. (NASDAQ:LPSB), First Capital, Inc. (NASDAQ:FCAP), First Savings Financial Group, Inc. (NASDAQ:FSFG), United Community Bancorp. (NASDAQ:UCBA), River Valley Bancorp (NASDAQ:RIVR), CFS Bancorp, Inc. (NASDAQ:CITZ).

Stock Price Performance: During June 3, 2011 to July 1, 2011, the stock price has risen 88 cents (11%) from $7.99 on June 3, 2011 to $8.87 on July 1, 2011. The stock price saw one of its best stretches over the last year between March 17, 2011, and March 24, 2011, when shares rose for six-straight days, rising 4.3% (+39 cents) over that span. It saw one of its worst periods between February 16, 2011, and February 24, 2011, when shares fell for six-straight days, falling 4.9% (-48 cents) over that span. Shares are down 23 cents (-2.5%) year to date.

(Source: Xignite Financials)

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