Heritage Commerce Corp expected to post earnings of 25  cents a share - Earnings Preview

Heritage Commerce

23/10/2023 13:37

* Heritage Commerce Corp  HTBK.OQ   HTBK.O  is expected
to show a
fall in quarterly revenue when it reports  results 
    * The San Jose California-based  company is expected to
report  a
3.9% decrease in revenue to $46.173 million from $48.04 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 25 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Heritage
Commerce
Corp is $10.75​, above​ its last closing price of $8.12. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.28        0.29       0.27      Missed  -5.8
 Mar. 31 2023  0.30        0.30       0.31      Beat    2
 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.        0.23        0.23       0.24      Beat    2.9
 30 2022                                                
 Mar. 31 2022  0.20        0.20       0.21      Beat    4.1​
 Dec. 31 2021  0.21        0.22       0.23      Beat    6.2
 Sep. 30 2021  0.21        0.21       0.23      Beat    9.5
 This summary was machine generated October 23 at 12:37 GMT.  All
figures in US dollars  unless otherwise stated