Metrocity Bankshares Inc reports results for the quarter ended in December - Earnings Summary

MetroCity Bankshares

23/01/2023 18:16

* Metrocity Bankshares Inc  MCBS.OQ  reported quarterly
adjusted
earnings of 52 cents​​ per share for the quarter ended in
December. The mean expectation of two analysts for the quarter
was for earnings of 60 cents per share.
    * Revenue fell 17.2% to $30.74 million from a year ago;
analysts
expected $33.95 million. 
    * Metrocity Bankshares Inc's reported EPS for the quarter
was 52
cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.3%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Metrocity Bankshares Inc shares had fallen by 3.9% this
quarter.
    * The company reported quarterly net income of $13.17
million.
    * Wall Street's median 12-month price target for Metrocity
Bankshares Inc is $22.50 
    * 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." 

This summary was machine generated from Refinitiv data January
23 at 06:16 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.60           0.52           Missed
 Sep. 30 2022      0.67           0.66           Missed
 Jun. 30 2022      0.72           0.63           Missed
 Mar. 31 2022      0.70           0.76           Beat