Central Valley Community Bancorp reports results for the quarter ended in March - Earnings Summary

Community West Bancshares

20/04/2023 21:23

* Central Valley Community Bancorp  CVCY.OQ  reported
quarterly
adjusted earnings of 59 cents​​ per share for the quarter ended
in March. The mean expectation of four analysts for the quarter
was for earnings of 66 cents per share.
    * Revenue rose 21.1% to $21.31 million from a year ago;
analysts
expected $21.99 million. 
    * Central Valley Community Bancorp's reported EPS for the
quarter
was 59 cents​.
    * The mean earnings estimate of analysts had risen by
about 11% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Central Valley Community Bancorp shares had fallen
by 14.3% this
quarter and lost 16.8% so far this year.
    * The company reported quarterly net income of $6.97
million.
    * Wall Street's median 12-month price target for Central
Valley
Community Bancorp is $24.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 20 at 08:23 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.66           0.59           Missed
 Dec. 31 2022      0.61           0.65           Beat
 Sep. 30 2022      0.60           0.55           Missed
 Jun. 30 2022      0.52           0.56           Beat