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

Alerus Financial

27/10/2022 24:21

* Alerus Financial Corp  ALRS.OQ  reported quarterly
adjusted
earnings of 47 cents​​ per share for the quarter ended in
September. The mean expectation of three analysts for the
quarter was for earnings of 54 cents per share.
    * Revenue fell 1.1% to $55.33 million from a year ago;
analysts
expected $57.53 million. 
    * Alerus Financial Corp's reported EPS for the quarter was
47
cents​.
    * The mean earnings estimate of analysts had fallen by
about 6.1%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Alerus Financial Corp shares had risen by 0.9% this
quarter and
lost 23.8% so far this year.
    * The company reported quarterly net income of $9.62
million.
    * Wall Street's median 12-month price target for Alerus
Financial
Corp is $24.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
26 at 11:21 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.54           0.47           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