Macatawa Bank Corp expected to post earnings of 31  cents a share - Earnings Preview

Macatawa Bank

23/10/2023 13:02

* Macatawa Bank Corp  MCBC.OQ   MCBC.O  is expected to show
a rise
in quarterly revenue when it reports  results 
    * The Holland Michigan-based  company is expected to report 
a
7.1% increase in revenue to $26.403 million from $24.66 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 31 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "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 $11​, above​ its last closing price of $8.78. ​​​

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  0.33        0.33       0.30      Missed  -9.2
 Mar. 31 2023  0.33        0.33       0.35      Beat    7.4
 Dec. 31 2022  0.33        0.33       0.35      Beat    6.1​
 Sep. 30 2022  0.24        0.24       0.29      Beat    22.4
 ​​Jun.        0.17        0.17       0.19      Beat    9.2
 30 2022                                                
 Mar. 31 2022  0.16        0.16       0.18      Beat    13.2​
 Dec. 31 2021  0.19        0.19       0.18      Missed  -5.3
 Sep. 30 2021  0.20        0.22       0.21      Missed  -2.3
 This summary was machine generated October 23 at 12:02 GMT.  All
figures in US dollars  unless otherwise stated