Heritage Commerce Corp expected to post earnings of 30  cents a share - Earnings Preview

Heritage Commerce

24/04/2023 12:24

* Heritage Commerce Corp  HTBK.OQ   HTBK.O  is expected
to show a
rise in quarterly revenue when it reports  results on April 26
(estimated). 
    * The San Jose California-based  company is expected to
report  a
31.3% increase in revenue to $50.188 million from $38.22 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 30 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 $11.5​, above​ its last closing price of $8.11. ​​​

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 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​
 Mar. 31 2022  0.20        0.20       0.21      Beat    4.1
 ​​Dec.        0.21        0.22       0.23      Beat    6.2
 31 2021                                                
 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
 This summary was machine generated April 24 at 11:24 GMT.  All
figures in US dollars  unless otherwise stated