Fvcbankcorp Inc Reports Results For The Quarter Ended In December: Earnings Summary

FVCBankcorp

23/01/2024 21:31

* FVCBankcorp Inc  FVCB.OQ  reported a quarterly adjusted
loss
of 28 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 22 cents.  The mean expectation of two analysts for the
quarter was for earnings of 20 cents per share. Wall Street
expected results to range from 18 cents to 22 cents per share.
    * Revenue fell 20.3% to $12.66 million from a year ago;
analysts
expected $13.54 million. 
    * FVCBankcorp Inc's reported EPS for the quarter was a loss
of 28
cents​.
    * The company reported a quarterly loss of $5.07 million.
    * FVCBankcorp Inc shares had fallen by 4.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
 "hold."

Wall Street's median 12-month price target for FVCBankcorp Inc
is $13.75 
This summary was machine generated from LSEG data January 23 at
09:31 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.20           -0.28          Missed
 Sep. 30 2023      0.25           0.22           Missed
 Jun. 30 2023      0.22           0.23           Beat
 Mar. 31 2023      0.24           0.27           Beat