Luther Burbank Corp reports results for the quarter ended in June - Earnings Summary

Luther Burbank

25/07/2023 23:01

* Luther Burbank Corp  LBC.OQ  reported quarterly adjusted
earnings of 14 cents​​ per share for the quarter ended in June.
The lone analyst forecast for the quarter was for earnings of 19
cents per share.
    * Revenue fell 43.1% to $27.21 million from a year ago;
analysts
expected $32.61 million. 
    * Luther Burbank Corp's reported EPS for the quarter was 14
cents​.
    * The mean earnings estimate of analysts had fallen by
about 22.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Luther Burbank Corp shares had risen by 12.4% this
quarter and
lost 9.7% so far this year.
    * The company reported quarterly net income of $6.92
million.
    * Wall Street's median 12-month price target for Luther
Burbank
Corp is $13.88 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
25 at 10:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.19           0.14           Missed
 Mar. 31 2023      0.27           0.26           Missed
 Dec. 31 2022      0.33           0.27           Missed
 Sep. 30 2022      0.38           0.41           Beat