TowneBank expected to post earnings of 57  cents a share - Earnings Preview

TowneBank

24/07/2023 19:34

* TowneBank  TOWN.OQ   TOWN.O  is expected to show a rise in
quarterly revenue when it reports  results on July 26
(estimated). 
    * The Portsmouth Virginia-based  company is expected to
report  a
8.2% increase in revenue to $180.755 million from $166.98
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for TowneBank is for
earnings
of 57 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "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 TowneBank
is
$27​, above​ its last closing price of $25.36. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.65        0.64       0.52      Missed  -19.2
 Dec. 31 2023  0.71        0.71       0.64      Missed  -9.9
 Sep. 30 2022  0.67        0.67       0.69      Beat    3​
 Jun. 30 2022  0.61        0.61       0.64      Beat    4.9
 ​​Mar.        0.58        0.58       0.63      Beat    8.2
 31 2022                                                
 Dec. 31 2021  0.63        0.61       0.55      Missed  -9.5​
 Sep. 30 2021  0.69        0.67       0.69      Beat    3.4
 Jun. 30 2021  0.69        0.69       0.77      Beat    12.4
 This summary was machine generated July 24 at 18:34 GMT.  All
figures in US dollars  unless otherwise stated