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

Alerus Financial

24/01/2024 22:56

* Alerus Financial Corp  ALRS.OQ  reported a quarterly
adjusted
loss of 73 cents​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of 53 cents.  The mean expectation of four analysts for the
quarter was for earnings of 29 cents per share. Wall Street
expected results to range from 28 cents to 29 cents per share.
    * Revenue fell 57.4% to $22.34 million from a year ago;
analysts
expected $45.38 million. 
    * Alerus Financial Corp's reported EPS for the quarter was a
loss
of 73 cents​.
    * The company reported a quarterly loss of $14.75 million.
    * Alerus Financial Corp shares had fallen by 3.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Alerus Financial
Corp is $23.00 
This summary was machine generated from LSEG data January 24 at
10:55 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 2023      0.29           -0.73          Missed
 Sep. 30 2023      0.36           0.45           Beat
 Jun. 30 2023      0.38           0.45           Beat
 Mar. 31 2023      0.37           0.40           Beat