Metrocity Bankshares Inc expected to post earnings of 61 cents a share - Earnings Preview

MetroCity Bankshares

19/10/2021 12:13

* Metrocity Bankshares Inc  MCBS.OQ   MCBS.O  is expected
to show a rise in quarterly revenue when it reports results on
October 21 (estimated). 
* The Doraville, Georgia-based company is expected to report  a
45.4% increase in revenue to $34.767 million from $23.9 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Metrocity Bankshares
Inc is for earnings of 61 cents per share. For the same quarter
last year, the company reported earnings of 36 cents per share.
* The current average analyst rating on the shares is "hold" and
the breakdown of recommendations is no "strong buy" or "buy," 3
"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 $22.5​, about 4% above​ its last closing price
of $21.60. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 30 2021  0.53        0.53       0.56      Beat    5.7
 Mar. 31 2021  0.41        0.41       0.50      Beat    22
 Dec. 31 2020  0.35        0.34       0.37      Beat    9.9​
 Sep. 30 2020  0.30        0.31       0.36      Beat    17.4
 Jun.          0.25​       0.25       0.30      Beat    21.6​
 30​ 2020​                                              
 Mar. 31 2020  0.40        0.40       0.38      Missed  -5​
 Dec. 31 2019  0.46        0.46       0.42      Missed  -8
 This summary was machine generated October 19 at 11:13 GMT.  All
figures in US dollars unless otherwise stated