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

TowneBank

24/04/2023 19:32

* TowneBank  TOWN.OQ   TOWN.O  is expected to show a rise in
quarterly revenue when it reports  results on April 26
(estimated). 
    * The Portsmouth Virginia-based  company is expected to
report  a
14.1% increase in revenue to $188.724 million from $165.41
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 64 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "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
$31​, above​ its last closing price of $24.55. ​​​

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 2022  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. 31 2022  0.58        0.58       0.63      Beat    8.2
 ​​Dec.        0.63        0.61       0.55      Missed  -9.5
 31 2021                                                
 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
 This summary was machine generated April 24 at 18:32 GMT.  All
figures in US dollars  unless otherwise stated