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

California BanCorp

27/10/2022 23:36

* California BanCorp  CALB.OQ  reported quarterly adjusted
earnings of 66 cents​​ per share for the quarter ended in
September. The mean expectation of two analysts for the quarter
was for earnings of 63 cents per share.
    * Revenue rose 31.1% to $19.85 million from a year ago;
analysts
expected $18.70 million. 
    * California BanCorp's reported EPS for the quarter was 66
cents​.
    * The mean earnings estimate of analysts had risen by
about 34.4%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * California BanCorp shares had risen by 3.7% this
quarter and
lost 1.3% so far this year.
    * The company reported quarterly net income of $5.52
million.
    * Wall Street's median 12-month price target for California
BanCorp is $24.50 
    * 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 October
27 at 10:36 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.63           0.66           Beat
 Jun. 30 2022      0.40           0.51           Beat
 Mar. 31 2022      0.42           0.44           Beat
 Dec. 31 2021      0.46           0.38           Missed