Metrocorp Bancshares Earnings Preview: Can This Streak Continue?

Metrocorp Bancshares (NASDAQ:MCBI) will report earnings after markets close on Friday, July 19. MetroCorp Bancshares is the holding company for MetroBank, National Association, and for Metro United Bank in California. The bank provides a full range of commercial and consumer banking services from its banking offices in Houston and Dallas in Texas and in the San Diego, Los Angeles, and San Francisco metropolitan areas in California.

Here is your Cheat Sheet to Metrocorp Bancshares Earnings:

Earnings Expectations: Analysts expect earnings of $0.15 per share on revenues of $15.12 million. Currently, the company’s P/E ratio stands at 17.57.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.17 to a profit $0.15. For the current year, the average estimate is a profit of $0.61, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Metrocorp Bancshares has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 105 95 85 75 71
Diluted EPS ($) 0.40 -0.72 -0.28 0.30 0.62

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 17.94 17.90 17.42 16.67
Diluted EPS ($) 0.16 0.15 0.15 0.16

Past Performance:
Metrocorp Bancshares has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]