Heritage Commerce Corp expected to post earnings of 23  cents a share - Earnings Preview

Heritage Commerce

18/07/2022 12:03

* Heritage Commerce Corp  HTBK.OQ   HTBK.O  is expected
to show a
rise in quarterly revenue when it reports  results on July 20
(estimated). 
    * The San Jose California-based  company is expected to
report  a
15.9% increase in revenue to $40.43 million from $34.88 million
a year ago, according to the mean estimate from 6 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Heritage Commerce
Corp is
for earnings of 23 cents per share. For the same quarter last
year, the company reported earnings of 15 cents per share.
    * The current average analyst rating on the shares is
"strong 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​, above​ its last closing price of $10.87. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  0.20        0.20       0.21      Beat    4.1
 Dec. 31 2022  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.        0.17        0.17       0.19      Beat    13.4
 31 2021                                                
 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
 This summary was machine generated July 18 at 11:03 GMT.  All
figures in US dollars  unless otherwise stated