California BanCorp expected to post earnings of 54 cents a share - Earnings Preview

California BanCorp

22/04/2024 22:46

* California BanCorp  CALB.OQ   CALB.O  is expected to show
a fall
in quarterly revenue when it reports  results on April 24
(estimated) for the period ending March 31 2024
    * The Oakland California-based  company is expected to
report a
1.7% decrease in revenue to $19.52 million from $19.86 million a
year ago, according to the mean estimate from 3 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for California BanCorp is
for
earnings of 54 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "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 $27.00​, above​ its last closing price of $21.42. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.61        0.61       0.63      Beat    3.3
 Sep. 30 2023  0.62        0.62       0.64      Beat    3
 Jun. 30 2023  0.61        0.59       0.65      Beat    9.6​
 Mar. 31 2023  0.67        0.67       0.64      Missed  -4.5
 ​​Dec.        0.74        0.74       0.91      Beat    23
 31 2022                                                
 Sep. 30 2022  0.63        0.63       0.66      Beat    5.6​
 Jun. 30 2022  0.40        0.40       0.51      Beat    27.5
 Mar. 31 2022  0.42        0.42       0.44      Beat    4.8
 This summary was machine generated April 22 at 21:46 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)