California BanCorp expected to post earnings of 31 cents a share - Earnings Preview

California BanCorp

26/10/2021 01:02

* California BanCorp  CALB.OQ   CALB.O  is expected to show a
rise in quarterly revenue when it reports results on October 27
(estimated). 
* The Oakland, California-based company is expected to report  a
17.1% increase in revenue to $14.3 million from $12.22 million a
year ago, according to the estimate from one analyst, based on
Refinitiv data. 
​* Refinitiv's mean analyst estimate for California BanCorp is
for earnings of 31 cents per share. For the same quarter last
year, the company reported earnings of 6 cents per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
* The mean earnings estimate of analysts was unchanged in the
last three months. ​
* Wall Street's median 12-month price target for California
BanCorp is $23​, about 23.2% above​ its last closing price
of $17.67. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 30 2021  0.32        0.32       0.50      Beat    56.3
 Mar. 31 2021  0.27        0.27       0.34      Beat    25.9
 Dec. 31 2020  0.09        0.09       0.22      Beat    144.4​
 Sep. 30 2020              0.09       0.06      Missed  -33.3
 Jun.          0.11​       0.11       0.19      Beat    72.7​
 30​ 2020​                                              
 Mar. 31 2020  0.23        0.23       0.19      Missed  -17.4​
 Dec. 31 2019  0.28        0.28       0.07      Missed  -75
 Sep. 30 2019  0.36        0.36       0.25      Missed  -30.6
 This summary was machine generated October 26 at 00:02 GMT.  All
figures in US dollars unless otherwise stated