TowneBank expected to post earnings of 56 cents a share - Earnings Preview
22/10/2024 15:06
* TowneBank TOWN.OQ TOWN.O is expected to show a rise in
quarterly revenue when it reports results on October 24
(estimated) for the period ending September 30 2024
* The Portsmouth Virginia-based company is expected to
report a
4.3% increase in revenue to $180.352 million from $172.86
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 TowneBank is for
earnings of
56 cents per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"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
36.50, above its last closing price of $33.71.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Jun. 30 2024 0.48 0.48 0.57 Beat 19.4
Jan. 1 2024 0.48 0.48 0.48 Met -0.4
Dec. 31 2023 0.46 0.46 0.44 Missed -3.5
Sep. 30 2023 0.54 0.52 0.60 Beat 14.5
Jan. 0.57 0.57 0.56 Missed -1.8
1 0001
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. 30 2022 0.67 0.67 0.69 Beat 3
This summary was machine generated October 22 at 14:06 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)