Heritage Commerce Corp expected to post earnings of 17  cents a share - Earnings Preview

Heritage Commerce

19/04/2021 12:13

* Heritage Commerce Corp  HTBK.OQ   HTBK.O  is expected to show
a fall in quarterly revenue when it reports results on April 21
(estimated).
* The San Jose, California-based company is expected to report
 a 9.9% decrease in revenue to $34.77 million from $38.58
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data.​​
​* Refinitiv's mean analyst estimate for Heritage Commerce Corp
is for earnings of 17 cents per share. For the same quarter last
year, the company reported earnings of 18 cents per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
* The mean earnings estimate of analysts was unchanged in the
last three months.​
* Wall Street's median 12-month price target for Heritage
Commerce Corp is $12.5​, about 2.1% above​ its last closing
price of $12.24. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Dec. 31 2020  0.18        0.18       0.19      Beat    4.4
 Sep. 30 2020  0.17        0.17       0.19      Beat    13.2
 Jun. 30 2020  0.14        0.12       0.18      Beat    46.1​
 Mar. 31 2020  0.17        0.18       0.18      Met     0
 Dec.          0.24​       0.24       0.10      Missed  -58.9​
 31​ 2019​                                              
 Sep. 30 2019  0.26        0.26       0.26      Met     -1.5​
 Jun. 30 2019  0.27        0.27       0.26      Missed  -2.8
 Mar. 31 2019  0.27        0.28       0.28      Met     0.3
 This summary was machine generated April 19 at 11:13 GMT