ConnectOne Bancorp Inc reports results for the quarter ended in September - Earnings Summary

ConnectOne Bancorp

26/10/2023 15:24

* ConnectOne Bancorp Inc  CNOB.OQ  reported quarterly
adjusted
earnings of 51 cents​​ per share for the quarter ended in
September. The mean expectation of five analysts for the quarter
was for earnings of 50 cents per share.
    * Revenue fell 12.8% to $62.36 million from a year ago;
analysts
expected $63.49 million. 
    * ConnectOne Bancorp Inc's reported EPS for the quarter was
51
cents​.
    * The mean earnings estimate of analysts had risen by
about 2.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * ConnectOne Bancorp Inc shares had fallen by 9.0% this
quarter and lost 33.0% so far this year.
    * The company reported quarterly net income of $19.9
million.
    * Wall Street's median 12-month price target for ConnectOne
Bancorp Inc is $23.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
October 26 at 02:23 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.50           0.51           Beat
 Jun. 30 2023      0.48           0.51           Beat
 Mar. 31 2023      0.65           0.59           Missed
 Dec. 31 2022      0.83           0.79           Missed