ConnectOne Bancorp Inc expected to post earnings of 42 cents a share - Earnings Preview

ConnectOne Bancorp

23/04/2024 14:50

* ConnectOne Bancorp Inc  CNOB.OQ   CNOB.O  is expected
to show a
fall in quarterly revenue when it reports  results on April 25
for the period ending March 31 2024
    * The Englewd Clfs New Jersey-based  company is expected to
report
a 8.2% decrease in revenue to $61.598 million from $67.08
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for ConnectOne Bancorp Inc
is for
earnings of 42 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"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 ConnectOne
Bancorp Inc is $27.00​, above​ its last closing price of $18.88.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.44        0.45       0.46      Beat    2.2
 Sep. 30 2023  0.49        0.50       0.51      Beat    2.4
 Jun. 30 2023  0.46        0.48       0.51      Beat    6.1​
 Mar. 31 2023  0.64        0.65       0.59      Missed  -9.3
 ​​Dec.        0.82        0.83       0.79      Missed  -4.2
 31 2022                                                
 Sep. 30 2022  0.79        0.79       0.70      Missed  -11.1​
 Jun. 30 2022  0.77        0.76       0.78      Beat    2.4
 Mar. 31 2022  0.77        0.75       0.75      Met     0
 This summary was machine generated April 23 at 13:50 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)