Towne Bank expected to post earnings of 67 cents a share - Earnings Preview

TowneBank

27/10/2021 07:38

* Towne Bank  TOWN.OQ   TOWN.O  is expected to show a fall in
quarterly revenue when it reports results on October 27
(estimated). 
* The Portsmouth, Virginia-based company is expected to report 
a 15.8% decrease in revenue to $161.689 million from $192.14
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 67 cents per share. For the same quarter last year,
the company reported earnings of 48 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
$34​, about 6.9% above​ its last closing price of $31.64. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 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. 31 2020  0.56        0.54       0.69      Beat    27.8​
 Sep. 30 2020  0.48        0.48       0.48      Met     1.1
 Jun.          0.27​       0.28       0.48      Beat    73.5​
 30​ 2020​                                              
 Mar. 31 2020  0.40        0.35       0.36      Beat    1.9​
 Dec. 31 2019  0.44        0.43       0.49      Beat    14
 Sep. 30 2019  0.51        0.51       0.52      Beat    2
 This summary was machine generated October 27 at 06:38 GMT.  All
figures in US dollars unless otherwise stated