Macatawa Bank Corp expected to post earnings of 29 cents a share - Earnings Preview

Macatawa Bank

23/07/2024 13:17

* Macatawa Bank Corp  MCBC.OQ   MCBC.O  is expected to show
a rise
in quarterly revenue when it reports  results on July 25
(estimated) for the period ending June 30 2024
    * The Holland Michigan-based  company is expected to report
a
1.3% increase in revenue to $26.097 million from $25.76 million
a year ago, according to the estimate from one analyst, based on
LSEG data. (SAL Represents Operating Revenue)
    * ​LSEG's mean analyst estimate for Macatawa Bank Corp is
for
earnings of 29 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "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 Macatawa
Bank
Corp is $15.00​, above​ its last closing price of $14.85. ​​​

This summary was machine generated July 23 at 12:17 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)