Northeast Bank reports results for the quarter ended in December - Earnings Summary

Northeast Bank

30/01/2024 22:52

* Northeast Bank  NBN.OQ  reported quarterly adjusted
earnings of
$1.85​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of
$1.54.  The lone analyst forecast for the quarter was
for earnings of $1.72 per share. 
    * Revenue rose 28% to $38.47 million from a year ago;
analysts
expected $36.98 million. 
    * Northeast Bank's reported EPS for the quarter was $1.85​.
    * The company reported quarterly net income of $14.05
million.
    * Northeast Bank shares had risen by 3.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Northeast
Bank is
$66.00 

This summary was machine generated from LSEG data January 30 at
10:52 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.72           1.85           Beat
 Sep. 30 2023      1.56           2.01           Beat
 Jun. 30 2023      1.55           1.61           Beat
 Mar. 31 2023      1.66           1.69           Beat