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

California BanCorp

27/04/2023 24:14

* California BanCorp  CALB.OQ  reported quarterly adjusted
earnings of 64 cents​​ per share for the quarter ended in March.
The mean expectation of two analysts for the quarter was
for earnings of 67 cents per share.
    * Revenue rose 16.4% to $19.86 million from a year ago;
analysts
expected $20.99 million. 
    * California BanCorp's reported EPS for the quarter was 64
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * California BanCorp shares had fallen by 9.8% this
quarter and
lost 26.0% so far this year.
    * The company reported quarterly net income of $5.45
million.
    * Wall Street's median 12-month price target for California
BanCorp is $25.75 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 26 at 11:13 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.67           0.64           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