Believability index shows UNITYBNK likely to deliver 44% of Q3 PAT forecasts
Category: Corporate Earnings
Unity Bank Plc presented its Q3 earnings forecast for the period ended September 30th, 2012 to the market today.
Proshare has reviewed the forecast against its believability index, relying on previous performances against forecast; to confirm the following:
That Unity Bank Plc has a 44% chance of achieving or exceeding its PAT forecast and a 124% chance of delivering on its Gross Earnings projections for the period in view.
This weights fall within the 'most believable' forecast range for quoted companies in the sector.