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

California BanCorp

29/04/2022 04:53

* California BanCorp  CALB.OQ  reported quarterly adjusted
earnings of 44 cents​​ per share for the quarter ended in March.
The lone analyst forecast for the quarter was for earnings of 42
cents per share.
    * Revenue rose 19.7% to $17.06 million from a year ago; 
analysts
expected $15.60 million. 
    * California BanCorp's reported EPS for the quarter was 44
cents​.
    * The mean earnings estimate of analysts had fallen by
about 12.5%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * California BanCorp shares had fallen by 6.6% this
quarter and
gained 1.2% so far this year.
    * The company reported quarterly net income of $3.67
million.
    * Wall Street's median 12-month price target for California
BanCorp is $26.00 
    * 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." 

This summary was machine generated April 29 at 03:53 a.m.  ​All
figures in US dollars unless otherwise stated