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

Middlefield Banc

22/07/2024 14:51

* Middlefield Banc Corp  MBCN.OQ  reported quarterly
adjusted
earnings of 52 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 60 cents.  The mean expectation of four analysts for the
quarter was for earnings of 40 cents per share. Wall Street
expected results to range from 38 cents to 43 cents per share.
    * Revenue fell 11.1% to $16.84 million from a year ago;
analysts
expected $16.87 million. 
    * Middlefield Banc Corp's reported EPS for the quarter was
52
cents​.
    * The company reported quarterly net income of $4.16
million.
    * Middlefield Banc Corp shares had risen by 7.3% this
quarter and
lost 20.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.5%
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," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Middlefield Banc
Corp is $26.00 
This summary was machine generated from LSEG data July 22 at
01:51 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
 Jun. 30 2024      0.40           0.52           Beat
 Mar. 31 2024      0.42           0.51           Beat
 Dec. 31 2023      0.50           0.44           Missed
 Sep. 30 2023      0.58           0.47           Missed