Macatawa Bank Corp expected to post earnings of 27  cents a share - Earnings Preview

Macatawa Bank

19/04/2021 12:14

* Macatawa Bank Corp  MCBC.OQ   MCBC.O  is expected to show
a rise in quarterly revenue when it reports results on April 21
(estimated).
* The Holland, Michigan-based company is expected to report  a
14.7% increase in revenue to $23.235 million from $20.26 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 27 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 "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 $10​, about 0.7% above​ its last closing price
of $9.93. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Dec. 31 2020  0.21        0.20       0.26      Beat    30
 Sep. 30 2020  0.14        0.13       0.21      Beat    61.5
 Jun. 30 2020  0.13        0.13       0.22      Beat    66.7​
 Mar. 31 2020  0.18        0.18       0.19      Beat    8.6
 Dec.          0.21​       0.21       0.24      Beat    12.4​
 31​ 2019​                                              
 Sep. 30 2019  0.21        0.21       0.24      Beat    14.8​
 Jun. 30 2019  0.21        0.21       0.24      Beat    15
 Mar. 31 2019  0.20        0.20       0.22      Beat    12.8
 This summary was machine generated April 19 at 11:14 GMT