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

California BanCorp

28/07/2022 23:42

* California BanCorp  CALB.OQ  reported quarterly adjusted
earnings of 51 cents​​ per share for the quarter ended in June.
The mean expectation of two analysts for the quarter was
for earnings of 40 cents per share.
    * Revenue rose 21.1% to $17.62 million from a year ago;
analysts
expected $16.20 million. 
    * California BanCorp's reported EPS for the quarter was 51
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.4%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * California BanCorp shares had risen by 10.1% this
quarter and
held steady so far this year.
    * The company reported quarterly net income of $4.24
million.
    * Wall Street's median 12-month price target for California
BanCorp is $24.75 
    * 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." 

This summary was machine generated from Refinitiv data July 28
at 10:41 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.40           0.51           Beat
 Mar. 31 2022      0.42           0.44           Beat
 Dec. 31 2021      0.46           0.38           Missed
 Sep. 30 2021      0.31           0.39           Beat