Unity Bancorp Inc reports results for the quarter ended in June - Earnings Summary

Unity Bancorp

14/07/2022 13:20

* Unity Bancorp Inc  UNTY.OQ  reported quarterly adjusted
earnings
of 88 cents​​ per share for the quarter ended in June. The mean
expectation of three analysts for the quarter was for earnings
of 86 cents per share.
    * Revenue rose 14.8% to $24.51 million from a year ago; 
analysts
expected $23.51 million. 
    * Unity Bancorp Inc's reported EPS for the quarter was 88
cents​.
    * The mean earnings estimate of analysts had risen by
about 3.5%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Unity Bancorp Inc shares had risen by 1.7% this
quarter and
gained 2.6% so far this year.
    * The company reported quarterly net income of $9.45
million.
    * Wall Street's median 12-month price target for Unity
Bancorp Inc
is $32.00 
    * 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." 

This summary was machine generated July 14 at 12:20 p.m.  ​All
figures in US dollars unless otherwise stated.
 QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.86           0.88           Beat
 Mar. 31 2022      0.81           0.85           Beat
 Dec. 31 2021      0.86           0.92           Beat
 Sep. 30 2021      0.81           0.90           Beat
 This summary was machine generated from Refinitiv data July 14
at 12:20 p.m