Metropolitan Bank Holding Corp (MCB, Financial) is set to release its Q3 2024 earnings on Oct 17, 2024. The consensus estimate for Q3 2024 revenue is $66.73 million, and the earnings are expected to come in at $1.48 per share. The full year 2024's revenue is expected to be $268.35 million and the earnings are expected to be $5.94 per share. More detailed estimate data can be found on the Forecast page.
Metropolitan Bank Holding Corp (MCB, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Metropolitan Bank Holding Corp (MCB) have seen a slight adjustment, with projections for the full year 2024 decreasing from $268.92 million to $268.35 million. Conversely, the revenue forecast for 2025 has increased from $290.94 million to $291.94 million. Earnings estimates have also been revised; for the full year 2024, estimates have decreased slightly from $5.95 per share to $5.94 per share, while for 2025, estimates have risen from $7.03 per share to $7.24 per share.
Metropolitan Bank Holding Corp (MCB, Financial) Reported History
In the previous quarter of 2024-06-30, Metropolitan Bank Holding Corp's (MCB) actual revenue was $67.68 million, which missed analysts' revenue expectations of $67.89 million by -0.31%. Metropolitan Bank Holding Corp's (MCB) actual earnings were $1.50 per share, which missed analysts' earnings expectations of $1.51 per share by -0.86%. After releasing the results, Metropolitan Bank Holding Corp (MCB) was up by 3.17% in one day.
Metropolitan Bank Holding Corp (MCB, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 3 analysts, the average target price for Metropolitan Bank Holding Corp (MCB) is $65.17 with a high estimate of $70 and a low estimate of $60. The average target implies an upside of 10.47% from the current price of $58.99.
Based on GuruFocus estimates, the estimated GF Value for Metropolitan Bank Holding Corp (MCB, Financial) in one year is $66.84, suggesting an upside of 13.31% from the current price of $58.99.
Based on the consensus recommendation from 3 brokerage firms, Metropolitan Bank Holding Corp's (MCB, Financial) average brokerage recommendation is currently 2.0, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
