Alerus Financial Corp expected to post earnings of 57  cents a share - Earnings Preview

Alerus Financial

26/07/2022 03:03

* Alerus Financial Corp  ALRS.OQ   ALRS.O  is expected
to show a
fall in quarterly revenue when it reports  results on July 27. 
    * The Grand Forks North Dakota-based  company is expected to
report  a 5.7% decrease in revenue to $54.597 million from
$57.89 million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Alerus Financial
Corp is
for earnings of 57 cents per share. For the same quarter last
year, the company reported earnings of 66 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 $27​, above​ its last closing price of $22.62. ​​​
    * 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 2022  0.52        0.54       0.57      Beat    5.6
 Dec. 31 2022  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
 ​​Mar.        0.63        0.63       0.86      Beat    37.5
 31 2021                                                
 Dec. 31 2020  0.62        0.62       0.57      Missed  -7.6​
 Sep. 30 2020  0.40        0.41       0.99      Beat    144.4
 Jun. 30 2020  0.30        0.31       0.65      Beat    107.4
 This summary was machine generated July 26 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated