Metrocity Bankshares Inc expected to post earnings of 48 cents a share - Earnings Preview

MetroCity Bankshares

19/01/2024 11:16

* Metrocity Bankshares Inc  MCBS.OQ   MCBS.O  is expected
to show
a fall in quarterly revenue when it reports  results on January
22 (estimated) for the period ending December 31 2023
    * The Doraville Georgia-based  company is expected to report
a
6.6% decrease in revenue to $28.7 million from $30.74 million a
year ago, according to the estimate from one analyst, based on
LSEG data. (Sales/Revenue Majority Basis is on Total Revenue)
    * ​LSEG's mean analyst estimate for Metrocity Bankshares Inc
is
for earnings of 48 cents per share. 
    * The one available analyst rating on the shares is
"hold".  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Metrocity
Bankshares Inc is $24.00​, above​ its last closing price
of $23.16. ​​​

This summary was machine generated January 19 at 11:16 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)