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

Alerus Financial

28/07/2022 24:25

* Alerus Financial Corp  ALRS.OQ  reported quarterly
adjusted
earnings of 52 cents​​ per share for the quarter ended in June.
The mean expectation of three analysts for the quarter was
for earnings of 55 cents per share.
    * Revenue fell 10.2% to $52.00 million from a year ago;
analysts
expected $55.27 million. 
    * Alerus Financial Corp's reported EPS for the quarter was
52
cents​.
    * The mean earnings estimate of analysts had risen by
about 1.2%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Alerus Financial Corp shares had fallen by 5.1% this
quarter and
lost 22.8% so far this year.
    * The company reported quarterly net income of $9.29
million.
    * Wall Street's median 12-month price target for Alerus
Financial
Corp is $27.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data July 27
at 11:24 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.55           0.52           Missed
 Mar. 31 2022      0.54           0.57           Beat
 Dec. 31 2021      0.53           0.72           Beat
 Sep. 30 2021      0.50           0.74           Beat