TowneBank expected to post earnings of 48 cents a share - Earnings Preview

TowneBank

23/04/2024 14:44

* TowneBank  TOWN.OQ   TOWN.O  is expected to show a fall in
quarterly revenue when it reports  results on April 25
(estimated) for the period ending March 31 2024
    * The Portsmouth Virginia-based  company is expected to
report a
7.9% decrease in revenue to $169.685 million from $184.14
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for TowneBank is for
earnings of
48 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for TowneBank
is
$31.00​, above​ its last closing price of $27.38. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.46        0.46       0.44      Missed  -3.5
 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.        0.71        0.71       0.64      Missed  -9.9
 31 2022                                                
 Sep. 30 2022  0.67        0.67       0.69      Beat    3​
 Jun. 30 2022  0.61        0.61       0.64      Beat    4.9
 Mar. 31 2022  0.58        0.58       0.63      Beat    8.2
 This summary was machine generated April 23 at 13:44 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)