California BanCorp expected to post earnings of 52 cents a share - Earnings Preview

California BanCorp

26/07/2024 21:54

* California BanCorp  CALB.OQ   CALB.O  is expected to show
a fall
in quarterly revenue when it reports  results on July 29
(estimated) for the period ending June 30 2024
    * The Oakland California-based  company is expected to
report a
1.6% decrease in revenue to $19.462 million from $19.78 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data. (Sales/Revenue Majority Basis is on Total
Revenue)
    * ​LSEG's mean analyst estimate for California BanCorp is
for
earnings of 52 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "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 $24.00​, below​ its last closing price of $24.25. ​​​

This summary was machine generated July 26 at 20:54 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)