ConnectOne Bancorp Inc expected to post earnings of 45 cents a share - Earnings Preview

ConnectOne Bancorp

23/01/2024 13:54

* ConnectOne Bancorp Inc  CNOB.OQ   CNOB.O  is expected
to show a
fall in quarterly revenue when it reports  results on January 25
for the period ending December 31 2023
    * The Englewd Clfs New Jersey-based  company is expected to
report
a 19.2% decrease in revenue to $63.028 million from $78.01
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data. (SAL represents Net Interest
Income)
    * ​LSEG's mean analyst estimate for ConnectOne Bancorp Inc
is for
earnings of 45 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 $25.00​, above​ its last closing price of $23.72.
​​​

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 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. 31 2022  0.82        0.83       0.79      Missed  -4.2
 ​​Sep.        0.79        0.79       0.70      Missed  -11.1
 30 2022                                                
 Jun. 30 2022  0.77        0.76       0.78      Beat    2.4​
 Mar. 31 2022  0.77        0.75       0.75      Met     0
 Dec. 31 2021  0.78        0.76       0.79      Beat    3.7
 This summary was machine generated January 23 at 13:53 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)