Metrocity Bankshares Inc expected to post earnings of 50  cents a share - Earnings Preview

MetroCity Bankshares

18/07/2023 12:07

* Metrocity Bankshares Inc  MCBS.OQ   MCBS.O  is expected
to show
a fall in quarterly revenue when it reports  results on July 20
(estimated). 
    * The Doraville Georgia-based  company is expected to report
 a
17.7% decrease in revenue to $28.7 million from $34.87 million a
year ago, according to the mean estimate from 2 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Metrocity
Bankshares Inc
is for earnings of 50 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 Metrocity
Bankshares Inc is $19​, above​ its last closing price of $18.93.
​​​

This summary was machine generated July 18 at 11:07 GMT.  All
figures in US dollars  unless otherwise stated