Metropolitan Bank Holding Corp expected to post earnings of $1.49 a share - Earnings Preview

Metropolitan Bank Holding

16/01/2024 21:07

* Metropolitan Bank Holding Corp  MCB.N   MCB  is expected
to show
a fall in quarterly revenue when it reports  results on January
18 for the period ending December 31 2023
    * The New York City-based  company is expected to report a
12.2% decrease in revenue to $61.684 million from $70.25 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data. (SAL Represents Total Revenue)
    * ​LSEG's mean analyst estimate for Metropolitan Bank
Holding Corp
is for earnings of $1.49 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"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
Metropolitan Bank
Holding Corp is $59.00​, above​ its last closing price
of $49.83. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.64        1.63       1.97      Beat    20.6
 Jun. 30 2023  1.75        1.75       1.37      Missed  -21.5
 Mar. 31 2023  1.78        1.79       2.25      Beat    26.1​
 Dec. 31 2022  2.32        2.33       2.44      Beat    4.9
 ​​Sep.        2.33        2.34       2.23      Missed  -4.5
 30 2022                                                
 Jun. 30 2022  1.85        1.85       2.07      Beat    12.2​
 Mar. 31 2022  1.55        1.56       1.69      Beat    8.7
 Dec. 31 2021  1.42        1.42       1.69      Beat    19
 This summary was machine generated January 16 at 21:07 GMT.  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)