California Bancorp expected to post earnings of 44 cents a share - Earnings Preview

California Bancorp

28/01/2025 13:02

* California Bancorp  BCAL.OQ   BCAL.O  is expected to show
a rise
in quarterly revenue when it reports  results on January 30
(estimated) for the period ending December 31 2024
    * The San Diego California-based  company is expected to
report a
109.4% increase in revenue to $47.021 million from $22.46
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for California Bancorp is
for
earnings of 44 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for California
Bancorp is $21.00​, above​ its last closing price of $15.44. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2024  -0.38       -0.39      -0.05     Beat    87.2
 Jun. 30 2024  0.27        0.27       0.01      Missed  -96.3
 Mar. 31 2024  0.25        0.26       0.26      Met     2​
 Dec. 31 2023  0.30        0.30       0.24      Missed  -20.8
 ​​Sep.                    0.37       0.35      Missed  -5.4
 30 2023                                                
 Jun. 30 2023  0.40        0.40       0.36      Missed  -10​
                                      0.44              
 This summary was machine generated January 28 at 13:02 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)