Guaranty Bancshares Inc reports results for the quarter ended in March - Earnings Summary

Guaranty Bancshares

15/04/2024 13:02

* Guaranty Bancshares Inc  GNTY.N  reported quarterly
adjusted
earnings of 58 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 69 cents.  The mean expectation of four analysts for the
quarter was for earnings of 51 cents per share. Wall Street
expected results to range from 48 cents to 53 cents per share.
    * Revenue fell 4.1% to $28.85 million from a year ago;
analysts
expected $28.24 million. 
    * Guaranty Bancshares Inc's reported EPS for the quarter was
58
cents​.
    * The company reported quarterly net income of $6.69
million.
    * Guaranty Bancshares Inc shares had fallen by 4.9% this
quarter and lost 14.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 19.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"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 Guaranty
Bancshares Inc is $35.00 
This summary was machine generated from LSEG data April 15 at
12:01 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
 Mar. 31 2024      0.51           0.58           Beat
 Dec. 31 2023      0.47           0.51           Beat
 Sep. 30 2023      0.56           0.54           Missed
 Jun. 30 2023      0.56           0.81           Beat