Towne Bank expected to post earnings of 58  cents a share - Earnings Preview

TowneBank

25/04/2022 15:39

* Towne Bank  TOWN.OQ   TOWN.O  is expected to show a fall
in
quarterly revenue when it reports  results on April 27
(estimated). 
    * The Portsmouth Virginia-based  company is expected to
report  a
11.3% decrease in revenue to $161.81 million from $182.51
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Towne Bank is for
earnings of 58 cents per share. For the same quarter last year,
the company reported earnings of 95 cents per share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "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 Towne Bank
is
$36​, above​ its last closing price of $28.99. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Mar. 31 2021  0.71        0.64       0.95      Beat    49.6
 ​​Dec.        0.56        0.54       0.69      Beat    27.8
 31 2020                                                
 Sep. 30 2020  0.48        0.48       0.48      Met     1.1​
 Jun. 30 2020  0.27        0.28       0.48      Beat    73.5
 Mar. 31 2020  0.40        0.35       0.36      Beat    1.9
 This summary was machine generated April 25 at 14:39 GMT.  All
figures in US dollars  unless otherwise stated