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

MetroCity Bankshares

22/07/2022 18:01

* Metrocity Bankshares Inc  MCBS.OQ  reported quarterly
adjusted
earnings of 63 cents​​ per share for the quarter ended in June.
The mean expectation of two analysts for the quarter was
for earnings of 72 cents per share.
    * Revenue rose 4.4% to $34.87 million from a year ago;
analysts
expected $37.15 million. 
    * Metrocity Bankshares Inc's reported EPS for the quarter
was 63
cents​.
    * The mean earnings estimate of analysts had risen by
about 1.6%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Metrocity Bankshares Inc shares had risen by 4.7% this
quarter and lost 22.7% so far this year.
    * The company reported quarterly net income of $16.1
million.
    * Wall Street's median 12-month price target for Metrocity
Bankshares Inc is $22.75 
    * 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 July 22
at 05:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.72           0.63           Missed
 Mar. 31 2022      0.70           0.76           Beat
 Dec. 31 2021      0.66           0.68           Beat
 Sep. 30 2021      0.61           0.66           Beat