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

MetroCity Bankshares

21/10/2022 15:50

* Metrocity Bankshares Inc  MCBS.OQ  reported quarterly
adjusted
earnings of 66 cents​​ per share for the quarter ended in
September. The mean expectation of two analysts for the quarter
was for earnings of 67 cents per share.
    * Revenue fell 7.5% to $34.89 million from a year ago;
analysts
expected $36.80 million. 
    * Metrocity Bankshares Inc's reported EPS for the quarter
was 66
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.8%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Metrocity Bankshares Inc shares had risen by 10.8% this
quarter and lost 20.9% so far this year.
    * The company reported quarterly net income of $16.89
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 October
21 at 02:50 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2021      0.66           0.68           Beat