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

Alerus Financial

28/04/2022 24:18

* Alerus Financial Corp  ALRS.OQ  reported quarterly
adjusted
earnings of 57 cents​​ per share for the quarter ended in March.
The mean expectation of three analysts for the quarter was
for earnings of 54 cents per share.
    * Revenue fell 18.7% to $51.14 million from a year ago; 
analysts
expected $54.44 million. 
    * Alerus Financial Corp's reported EPS for the quarter was
57
cents​.
    * The mean earnings estimate of analysts had risen by
about 10.1%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Alerus Financial Corp shares had fallen by 9.4% this
quarter and
lost 14.5% so far this year.
    * The company reported quarterly net income of $10.18
million.
    * Wall Street's median 12-month price target for Alerus
Financial
Corp is $31.50 
    * 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 April 27 at 11:18 p.m.  ​All
figures in US dollars unless otherwise stated