Heritage Commerce Corp expected to post earnings of 20  cents a share - Earnings Preview

Heritage Commerce

18/04/2022 21:09

* Heritage Commerce Corp  HTBK.OQ   HTBK.O  is expected
to show a
rise in quarterly revenue when it reports  results on April 20
(estimated). 
    * The San Jose California-based  company is expected to
report  a
11.4% increase in revenue to $38.931 million from $34.96 million
a year ago, according to the mean estimate from 5 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Heritage Commerce
Corp is
for earnings of 20 cents per share. For the same quarter last
year, the company reported earnings of 19 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"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 $14.25​, above​ its last closing price of $11.37. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021  0.21        0.22       0.23      Beat    6.2
 Sep. 30 2021  0.21        0.21       0.23      Beat    9.5
 Jun. 30 2021  0.18        0.18       0.15      Missed  -15.7​
 Mar. 31 2021  0.17        0.17       0.19      Beat    13.4
 ​​Dec.        0.18        0.18       0.19      Beat    4.4
 31 2020                                                
 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
 This summary was machine generated April 18 at 20:09 GMT.  All
figures in US dollars  unless otherwise stated