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

Alerus Financial

27/04/2023 01:18

* Alerus Financial Corp  ALRS.OQ  reported quarterly
adjusted
earnings of 40 cents​​ per share for the quarter ended in March.
The mean expectation of five analysts for the quarter was
for earnings of 37 cents per share.
    * Revenue fell 4.4% to $48.91 million from a year ago;
analysts
expected $49.00 million. 
    * Alerus Financial Corp's reported EPS for the quarter was
40
cents​.
    * The mean earnings estimate of analysts had fallen by
about 31.4%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * Alerus Financial Corp shares had fallen by 8.3% this
quarter and
lost 37.0% so far this year.
    * The company reported quarterly net income of $8.19
million.
    * Wall Street's median 12-month price target for Alerus
Financial
Corp is $18.00 
    * 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
April 27 at 12:18 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.37           0.40           Beat
 Dec. 31 2022      0.57           0.53           Missed
 Sep. 30 2022      0.54           0.47           Missed
 Jun. 30 2022      0.55           0.52           Missed