Lakeland Financial (LKFN Quick QuoteLKFN - Free Report) reported $68.74 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 14.5%. EPS of $0.74 for the same period compares to $0.57 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $59.2 million, representing a surprise of +16.11%. The company delivered an EPS surprise of -12.94%, with the consensus EPS estimate being $0.85.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Lakeland Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Net Interest Margin: 3.2% versus the two-analyst average estimate of 3.2%.
• Efficiency ratio: 48.5% compared to the 49.9% average estimate based on two analysts.
• Total Non Interest Income: $20.44 million versus the two-analyst average estimate of $11.10 million.

View all Key Company Metrics for Lakeland Financial here>>>

Shares of Lakeland Financial have returned +17.8% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.