Unity Bancorp Inc expected to post earnings of 91  cents a share - Earnings Preview

Unity Bancorp

10/04/2023 13:40

* Unity Bancorp Inc  UNTY.OQ   UNTY.O  is expected to show a
rise
in quarterly revenue when it reports  results on April 12
(estimated). 
    * The Clinton New Jersey-based  company is expected to
report  a
15.4% increase in revenue to $25.545 million from $22.14 million
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Unity Bancorp Inc
is for
earnings of 91 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 had fallen by
about 3.0%
in the last three months. ​
    * Wall Street's median 12-month price target for Unity
Bancorp Inc
is $27​, above​ its last closing price of $22.11. ​​​

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  0.98        0.98       0.93      Missed  -4.8
 Sep. 30 2022  0.92        0.92       0.93      Beat    1
 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.        0.86        0.86       0.92      Beat    7.5
 31 2021                                                
 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. 31 2021  0.78        0.76       0.80      Beat    5.3
 This summary was machine generated April 10 at 12:40 GMT.  All
figures in US dollars  unless otherwise stated