Middlefield Banc Corp reports results for the quarter ended in December - Earnings Summary

Middlefield Banc

26/01/2024 14:25

* Middlefield Banc Corp  MBCN.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 79 cents.  The mean expectation of
four analysts for the quarter was for earnings of 50 cents per
share. Wall Street expected results to range from 46 cents to 54
cents per share.
    * Revenue rose 2.9% to $16.98 million from a year ago;
analysts
expected $17.55 million. 
    * Middlefield Banc Corp's reported EPS for the quarter was
44
cents​.
    * The company reported quarterly net income of $3.54
million.
    * Middlefield Banc Corp shares had fallen by 6.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Middlefield
Banc
Corp is $27.50 

This summary was machine generated from LSEG data January 26 at
02:24 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      0.50           0.44           Missed
 Sep. 30 2023      0.58           0.47           Missed
 Jun. 30 2023      0.59           0.60           Beat
 Mar. 31 2023      0.60           0.64           Beat