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

MetroCity Bankshares

23/01/2024 15:18

* Metrocity Bankshares Inc  MCBS.OQ  reported quarterly
adjusted
earnings of 44 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 52 cents.  The lone analyst forecast for
the quarter was for earnings of 48 cents per share. 
    * Revenue rose 0.3% to $30.83 million from a year ago;
analysts
expected $28.70 million. 
    * Metrocity Bankshares Inc's reported EPS for the quarter
was 44
cents​.
    * The company reported quarterly net income of $11.35
million.
    * Metrocity Bankshares Inc shares had risen by 2.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Metrocity
Bankshares Inc is $24.00 

This summary was machine generated from LSEG data January 23 at
03:17 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.48           0.44           Missed
 Sep. 30 2023      0.50           0.45           Missed
 Jun. 30 2023      0.50           0.51           Beat
 Mar. 31 2023      0.50           0.62           Beat