Heritage Commerce Corp expected to post earnings of 18 cents a share - Earnings Preview

Heritage Commerce

23/07/2024 15:18

* Heritage Commerce Corp  HTBK.OQ   HTBK.O  is expected
to show a
fall in quarterly revenue when it reports  results on July 25
(estimated) for the period ending January 1 0001
    * The San Jose California-based  company is expected to
report a
11.4% decrease in revenue to $41.017 million from $46.29 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data. (SAL represents Net Interest Income Basis.)
    * ​LSEG's mean analyst estimate for Heritage Commerce Corp
is for
earnings of 18 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 2.8%
in the last three months. ​
    * Wall Street's median 12-month price target for Heritage
Commerce
Corp is $10.25​, above​ its last closing price of $10.17. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.19        0.19       0.17      Missed  -8.9
 Jan. 1 2024   0.23        0.24       0.22      Missed  -6.4
 Jan. 1 0001   0.25        0.25       0.25      Met     -0.7​
 Jan. 1 0001   0.28        0.29       0.27      Missed  -5.8
 ​​Mar.        0.30        0.30       0.31      Beat    2
 31 2023                                                
 Dec. 31 2022  0.33        0.34       0.34      Met     0.5​
 Sep. 30 2022  0.29        0.29       0.30      Beat    4.7
 Jun. 30 2022  0.23        0.23       0.24      Beat    2.9
 This summary was machine generated July 23 at 14:18 GMT.  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)