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

Luther Burbank

30/10/2023 20:48

* Luther Burbank Corp  LBC.OQ  reported quarterly adjusted
earnings of 4 cents​​ per share for the quarter ended in
September. The lone analyst forecast for the quarter was
for earnings of 12 cents per share.
    * Revenue fell 55% to $20.60 million from a year ago;
analysts
expected $24.69 million. 
    * Luther Burbank Corp's reported EPS for the quarter was 4
cents​.
    * The mean earnings estimate of analysts had fallen by
about 29.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Luther Burbank Corp shares had fallen by 4.4% this
quarter and
lost 27.7% so far this year.
    * The company reported quarterly net income of $1.91
million.
    * Wall Street's median 12-month price target for Luther
Burbank
Corp is $12.50 
    * 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
October 30 at 08:48 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.12           0.04           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