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

Alerus Financial

23/01/2023 21:52

* Alerus Financial Corp  ALRS.OQ   ALRS.O  is expected
to show a
fall in quarterly revenue when it reports  results on January
25. 
    * The Grand Forks North Dakota-based  company is expected to
report  a 1.4% decrease in revenue to $55.711 million from
$56.51 million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Alerus Financial
Corp is
for earnings of 57 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 5.8%
in the last three months. ​
    * Wall Street's median 12-month price target for Alerus
Financial
Corp is $25​, above​ its last closing price of $22.81. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2022  0.52        0.54       0.57      Beat    5.6​
 Dec. 31 2021  0.53        0.53       0.72      Beat    35
 ​​Sep.        0.50        0.50       0.74      Beat    48.2
 30 2021                                                
 Jun. 30 2021  0.58        0.56       0.66      Beat    17.2​
 Mar. 31 2021  0.63        0.63       0.86      Beat    37.5
 Dec. 31 2020  0.62        0.62       0.57      Missed  -7.6
 This summary was machine generated January 23 at 21:52 GMT.  All
figures in US dollars  unless otherwise stated