Third Coast Bancshares Inc expected to post earnings of 49 cents a share - Earnings Preview

Third Coast Bancshares

23/01/2024 21:09

* Third Coast Bancshares Inc  TCBX.OQ   TCBX.O  is expected
to show a rise in quarterly revenue when it reports  results on
January 25 for the period ending December 31 2023
    * The Austin Texas-based  company is expected to report a
12.5% increase in revenue to $38.135 million from $33.9 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data. (SAL represents Total Revenue)
    * ​LSEG's mean analyst estimate for Third Coast Bancshares
Inc is
for earnings of 49 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"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 Third Coast
Bancshares Inc is $20.00​, above​ its last closing price
of $19.50. ​​​

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  0.50        0.49       0.32      Missed  -34.7
 Jun. 30 2023  0.50        0.50       0.53      Beat    5.5
 Mar. 31 2023  0.42        0.42       0.55      Beat    31.7​
 Dec. 31 2022  0.42        0.43       0.44      Beat    3.5
 ​​Sep.        0.33        0.33       0.49      Beat    47.4
 30 2022                                                
 Jun. 30 2022  0.30        0.30       0.16      Missed  -46.9​
 Mar. 31 2022  0.16        0.17       0.15      Missed  -11.8
 Dec. 31 2021  0.29        0.30       0.03      Missed  -89.8
 This summary was machine generated January 23 at 21:09 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)