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

Middlefield Banc

18/10/2022 22:04

* Middlefield Banc Corp  MBCN.OQ  reported quarterly
adjusted
earnings of 80 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 1.2% to $14.15 million from a year ago;
analysts
expected $13.80 million. 
    * Middlefield Banc Corp's reported EPS for the quarter was
73
cents​.
    * The mean earnings estimate of analysts had risen by
about 7.6%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Middlefield Banc Corp shares had risen by 6.3% this
quarter and
gained 16.1% so far this year.
    * The company reported quarterly net income of $4.25
million.
    * Wall Street's median 12-month price target for Middlefield
Banc
Corp is $28.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
18 at 09:04 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.67           0.80           Beat
 Jun. 30 2022      0.65           0.78           Beat
 Mar. 31 2022      0.62           0.65           Beat
 Dec. 31 2021      0.75           0.81           Beat