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

Unity Bancorp

09/01/2024 13:33

* Unity Bancorp Inc  UNTY.OQ   UNTY.O  is expected to show a
fall
in quarterly revenue when it reports  results on January 11
(estimated) for the period ending September 30 2023
    * The Clinton New Jersey-based  company is expected to
report a
6.3% decrease in revenue to $24.977 million from $26.66 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data. (SAL represents Total Revenue)
    * ​LSEG's mean analyst estimate for Unity Bancorp Inc is for
earnings of 86 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 $34.00​, above​ its last closing price of $28.61. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.89        0.89       0.97      Beat    8.7
 Jun. 30 2023  0.92        0.91       0.95      Beat    3.9
 Mar. 31 2023  0.91        0.91       0.96      Beat    5.4​
 Dec. 31 2022  0.98        0.98       0.93      Missed  -4.8
 ​​Sep.        0.92        0.92       0.93      Beat    1
 30 2022                                                
 Jun. 30 2022  0.88        0.86       0.88      Beat    2.5​
 Mar. 31 2022  0.81        0.81       0.85      Beat    4.7
 Dec. 31 2021  0.86        0.86       0.92      Beat    7.5
 This summary was machine generated January 9 at 13:33 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)