California BanCorp reports results for the quarter ended in December - Earnings Summary

California BanCorp

26/01/2023 22:32

* California BanCorp  CALB.OQ  reported quarterly adjusted
earnings of 91 cents​​ per share for the quarter ended in
December. The mean expectation of three analysts for the quarter
was for earnings of 74 cents per share.
    * Revenue rose 59.2% to $23.82 million from a year ago;
analysts
expected $21.12 million. 
    * California BanCorp's reported EPS for the quarter was 91
cents​.
    * The mean earnings estimate of analysts had risen by
about 11.3%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * California BanCorp shares had fallen by 0.8% this quarter.
    * The company reported quarterly net income of $7.67
million.
    * Wall Street's median 12-month price target for California
BanCorp is $27.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data January
26 at 10:32 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.74           0.91           Beat
 Sep. 30 2022      0.63           0.66           Beat
 Jun. 30 2022      0.40           0.51           Beat
 Mar. 31 2022      0.42           0.44           Beat