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

Alerus Financial

26/10/2023 24:49

* Alerus Financial Corp  ALRS.OQ  reported quarterly
adjusted
earnings of 45 cents​​ per share for the quarter ended in
September. The mean expectation of five analysts for the quarter
was for earnings of 36 cents per share.
    * Revenue fell 11.8% to $48.80 million from a year ago;
analysts
expected $47.73 million. 
    * Alerus Financial Corp's reported EPS for the quarter was
45
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Alerus Financial Corp shares had fallen by 3.6% this
quarter and
lost 25.0% so far this year.
    * The company reported quarterly net income of $9.16
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
October 25 at 11:49 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.36           0.45           Beat
 Jun. 30 2023      0.38           0.45           Beat
 Mar. 31 2023      0.37           0.40           Beat
 Dec. 31 2022      0.57           0.53           Missed