TowneBank expected to post earnings of 46 cents a share - Earnings Preview
22/01/2024 13:45
* TowneBank TOWN.OQ TOWN.O is expected to show a fall in
quarterly revenue when it reports results on January 24
(estimated) for the period ending December 31 2023
* The Portsmouth Virginia-based company is expected to
report a
6.1% decrease in revenue to $164.673 million from $175.31
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data. (SAL represents Total Revenue)
* LSEG's mean analyst estimate for TowneBank is for
earnings of
46 cents per share.
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts had risen by
about 6.1%
in the last three months.
* Wall Street's median 12-month price target for TowneBank
is
$31.00, above its last closing price of $28.58.
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 0.54 0.52 0.60 Beat 14.5
Jun. 30 2023 0.57 0.57 0.56 Missed -1.8
Mar. 31 2023 0.65 0.64 0.52 Missed -19.2
Dec. 31 2022 0.71 0.71 0.64 Missed -9.9
Sep. 0.67 0.67 0.69 Beat 3
30 2022
Jun. 30 2022 0.61 0.61 0.64 Beat 4.9
Mar. 31 2022 0.58 0.58 0.63 Beat 8.2
Dec. 31 2021 0.63 0.61 0.55 Missed -9.5
This summary was machine generated January 22 at 13:45 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)