Unity Bancorp Inc expected to post earnings of 98cents a share - Earnings Preview

Unity Bancorp

16/01/2023 11:01

* 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
12.8% increase in revenue to $26.467 million from $23.47 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 98 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 $27.12. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2021  0.86        0.86       0.92      Beat    7.5
 ​​Sep.        0.81        0.81       0.90      Beat    11.3
 30 2021                                                
 Jun. 30 2021  0.75        0.75       0.80      Beat    7.1​
 Mar. 31 2021  0.78        0.76       0.80      Beat    5.3
 Dec. 31 2020  0.58        0.58       0.69      Beat    19.7
 This summary was machine generated January 16 at 11:00 GMT.  All
figures in US dollars  unless otherwise stated