California Bancorp reports results for the quarter ended December 31 - Earnings Summary

California Bancorp

30/01/2025 14:00

* California Bancorp  BCAL.OQ  reported quarterly adjusted
earnings of 51 cents​​ per share for the quarter ended December
31, higher than the same quarter last year, when the company
reported EPS of 24 cents.  The mean expectation of
three analysts for the quarter was for earnings of 44 cents per
share. Wall Street expected results to range from 43 cents to 45
cents per share.
    * Revenue rose 94.6% to $43.70 million from a year ago;
analysts
expected $47.02 million. 
    * California Bancorp's reported EPS for the quarter was 51
cents​.
    * The company reported quarterly net income of $16.77
million.
    * California Bancorp shares had fallen by 1.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for California
Bancorp is $20.00 
This summary was machine generated from LSEG data January 30 at
02:00 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.44           0.51           Beat
 Sep. 30 2024      -0.39          -0.05          Beat
 Jun. 30 2024      0.27           0.01           Missed
 Mar. 31 2024      0.26           0.26           Met