Alerus Financial Corp reports results for the quarter ended December 31 - Earnings Summary

Alerus Financial

28/01/2025 22:38

* Alerus Financial Corp  ALRS.OQ  reported quarterly
adjusted
earnings of 13 cents​​ per share for the quarter ended December
31, lower than the same quarter last year, when the company
reported EPS of 49 cents.  The mean expectation of five analysts
for the quarter was for earnings of 32 cents per share. Wall
Street expected results to range from zero cents to 44 cents per
share.
    * Revenue rose 53.6% to $72.16 million from a year ago;
analysts
expected $62.45 million. 
    * Alerus Financial Corp's reported EPS for the quarter was
13
cents​.
    * The company reported quarterly net income of $3.22
million.
    * Alerus Financial Corp shares had risen by 5.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Alerus Financial
Corp is $22.00 
This summary was machine generated from LSEG data January 28 at
10:38 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.32           0.13           Missed
 Sep. 30 2024      0.44           0.26           Missed
 Jun. 30 2024      0.36           0.31           Missed
 Mar. 31 2024      0.32           0.32           Met