Alerus Financial Corp expected to post earnings of 35  cents a share - Earnings Preview

Alerus Financial

25/07/2023 03:03

* Alerus Financial Corp  ALRS.OQ   ALRS.O  is expected
to show a
fall in quarterly revenue when it reports  results on July 26. 
    * The Grand Forks North Dakota-based  company is expected to
report  a 7.0% decrease in revenue to $48.376 million from $52
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Alerus Financial
Corp is
for earnings of 35 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"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 $19​, below​ its last closing price of $19.26. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.36        0.37       0.40      Beat    7.7
 Dec. 31 2023  0.58        0.57       0.53      Missed  -7.2
 Sep. 30 2022  0.54        0.54       0.47      Missed  -12.9​
 Jun. 30 2022  0.54        0.55       0.52      Missed  -6.2
 ​​Mar.        0.52        0.54       0.57      Beat    5.6
 31 2022                                                
 Dec. 31 2021  0.53        0.53       0.72      Beat    35​
 Sep. 30 2021  0.50        0.50       0.74      Beat    48.2
 Jun. 30 2021  0.58        0.56       0.66      Beat    17.2
 This summary was machine generated July 25 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated