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

Alerus Financial

27/07/2023 04:19

* Alerus Financial Corp  ALRS.OQ  reported quarterly
adjusted
earnings of 45 cents​​ per share for the quarter ended in June.
The mean expectation of five analysts for the quarter was
for earnings of 38 cents per share.
    * Revenue fell 8.1% to $47.80 million from a year ago;
analysts
expected $48.38 million. 
    * Alerus Financial Corp's reported EPS for the quarter was
45
cents​.
    * The mean earnings estimate of analysts had fallen by
about 12%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Alerus Financial Corp shares had risen by 7.0% this
quarter and
lost 17.6% so far this year.
    * The company reported quarterly net income of $9.1 million.
    * Wall Street's median 12-month price target for Alerus
Financial
Corp is $19.75 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
27 at 03:18 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.38           0.45           Beat
 Mar. 31 2023      0.37           0.40           Beat
 Dec. 31 2022      0.57           0.53           Missed
 Sep. 30 2022      0.54           0.47           Missed