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

California BanCorp

27/10/2023 24:20

* California BanCorp  CALB.OQ  reported quarterly adjusted
earnings of 64 cents​​ per share for the quarter ended in
September. The mean expectation of four analysts for the quarter
was for earnings of 62 cents per share.
    * Revenue rose 0.1% to $19.87 million from a year ago;
analysts
expected $19.82 million. 
    * California BanCorp's reported EPS for the quarter was 64
cents​.
    * The mean earnings estimate of analysts had risen by
about 5.5%
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 fallen by 0.5% this
quarter and
lost 15.9% so far this year.
    * The company reported quarterly net income of $5.4 million.
    * Wall Street's median 12-month price target for California
BanCorp is $24.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 26 at 11:19 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.62           0.64           Beat
 Jun. 30 2023      0.59           0.65           Beat
 Mar. 31 2023      0.67           0.64           Missed
 Dec. 31 2022      0.74           0.91           Beat