Alerus Financial Corp expected to post earnings of 29 cents a share - Earnings Preview

Alerus Financial

22/01/2024 21:08

* Alerus Financial Corp  ALRS.OQ   ALRS.O  is expected
to show a
fall in quarterly revenue when it reports  results on January 24
for the period ending December 31 2023
    * The Grand Forks North Dakota-based  company is expected to
report a 13.5% decrease in revenue to $45.385 million from
$52.48 million a year ago, according to the mean estimate from 3
analysts, based on LSEG data. (SAL is on total revenue basis)
    * ​LSEG's mean analyst estimate for Alerus Financial Corp is
for
earnings of 29 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"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 Alerus
Financial
Corp is $23.00​, above​ its last closing price of $21.04. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.35        0.36       0.45      Beat    26.5
 Jun. 30 2023  0.37        0.38       0.45      Beat    19.4
 Mar. 31 2023  0.36        0.37       0.40      Beat    7.7​
 Dec. 31 2022  0.58        0.57       0.53      Missed  -7.2
 ​​Sep.        0.54        0.54       0.47      Missed  -12.9
 30 2022                                                
 Jun. 30 2022  0.54        0.55       0.52      Missed  -6.2​
 Mar. 31 2022  0.52        0.54       0.57      Beat    5.6
 Dec. 31 2021  0.53        0.53       0.72      Beat    35
 This summary was machine generated January 22 at 21:08 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)