Macatawa Bank Corp expected to post earnings of 22 cents a share - Earnings Preview

Macatawa Bank

18/10/2021 12:05

* Macatawa Bank Corp  MCBC.OQ   MCBC.O  is expected to show a
rise in quarterly revenue when it reports results on October 20
(estimated). 
* The Holland, Michigan-based company is expected to report  a
0.1% increase in revenue to $20.781 million from $20.77 million
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Macatawa Bank Corp is
for earnings of 22 cents per share. For the same quarter last
year, the company reported earnings of 21 cents per share.
* The current average analyst rating on the shares is "hold" and
the breakdown of recommendations is no "strong buy" or "buy," 2
"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 Macatawa Bank
Corp is $9​, about 9.6% above​ its last closing price
of $8.14. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 30 2021  0.23        0.23       0.23      Met     -0.2
 Mar. 31 2021  0.26        0.27       0.23      Missed  -13.2
 Dec. 31 2020  0.21        0.20       0.26      Beat    30​
 Sep. 30 2020  0.14        0.13       0.21      Beat    61.5
 Jun.          0.13​       0.13       0.22      Beat    66.7​
 30​ 2020​                                              
 Mar. 31 2020  0.18        0.18       0.19      Beat    8.6​
 Dec. 31 2019  0.21        0.21       0.24      Beat    12.4
 Sep. 30 2019  0.21        0.21       0.24      Beat    14.8
 This summary was machine generated October 18 at 11:05 GMT.  All
figures in US dollars unless otherwise stated