Third Coast Bancshares Inc expected to post earnings of 57 cents a share - Earnings Preview

Third Coast Bancshares

22/07/2024 22:52

* Third Coast Bancshares Inc  TCBX.OQ   TCBX.O  is expected
to show a rise in quarterly revenue when it reports  results on
July 24 for the period ending June 30 2024
    * The Humble Texas-based  company is expected to report a
13.1% increase in revenue to $41.135 million from $36.38 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Third Coast Bancshares
Inc is
for earnings of 57 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "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 $25.00​, above​ its last closing price
of $23.07. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.50        0.49       0.61      Beat    24.5
 Dec. 31 2024  0.48        0.49       0.57      Beat    17.5
 Sep. 30 2023  0.50        0.49       0.32      Missed  -34.7​
 Jan. 1 0001   0.50        0.50       0.53      Beat    5.5
 ​​Mar.        0.42        0.42       0.55      Beat    31.7
 31 2023                                                
 Dec. 31 2022  0.42        0.43       0.44      Beat    3.5​
 Jan. 1 0001   0.33        0.33       0.49      Beat    47.4
 Jun. 30 2022  0.30        0.30       0.16      Missed  -46.9
 This summary was machine generated July 22 at 21:52 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)