Unity Bancorp Inc expected to post earnings of 86  cents a share - Earnings Preview

Unity Bancorp

08/07/2022 13:39

* Unity Bancorp Inc  UNTY.OQ   UNTY.O  is expected to show a
rise
in quarterly revenue when it reports  results on July 12
(estimated). 
    * The Clinton New Jersey-based  company is expected to
report  a
8.4% increase in revenue to $23.127 million from $21.34 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Unity Bancorp Inc
is for
earnings of 86 cents per share. For the same quarter last year,
the company reported earnings of 80 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"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 Unity
Bancorp Inc
is $32​, above​ its last closing price of $26.64. ​​​
    * 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 2022  0.81        0.81       0.85      Beat    4.7
 Dec. 31 2022  0.86        0.86       0.92      Beat    7.5
 Sep. 30 2021  0.81        0.81       0.90      Beat    11.3​
 Jun. 30 2021  0.75        0.75       0.80      Beat    7.1
 ​​Mar.        0.78        0.76       0.80      Beat    5.3
 31 2021                                                
 Dec. 31 2020  0.58        0.58       0.69      Beat    19.7​
 Sep. 30 2020  0.48        0.46       0.54      Beat    17.1
 Jun. 30 2020  0.38        0.38       0.47      Beat    22.6
 This summary was machine generated July 8 at 12:39 GMT.  All
figures in US dollars  unless otherwise stated