Towne Bank expected to post earnings of 64  cents a share - Earnings Preview

TowneBank

28/04/2021 03:37

* Towne Bank  TOWN.OQ   TOWN.O  is expected to show a rise in
quarterly revenue when it reports results on April 28
(estimated).
* The Portsmouth, Virginia-based company is expected to report
 a 19.7% increase in revenue to $164.842 million from $137.7
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 64 cents per share. For the same quarter last year,
the company reported earnings of 36 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
$33​, about 7.1% above​ its last closing price of $30.67. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Dec. 31 2020  0.56        0.54       0.69      Beat    27.8
 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
 Dec.          0.44​       0.43       0.49      Beat    14​
 31​ 2019​                                              
 Sep. 30 2019  0.51        0.51       0.52      Beat    2​
 Jun. 30 2019  0.52        0.52       0.48      Missed  -7.2
 Mar. 31 2019  0.48        0.49       0.44      Missed  -9.3
 This summary was machine generated April 28 at 02:37 GMT.  All
figures in US dollars unless otherwise stated