Riverview Bancorp Inc reports results for the quarter ended in December - Earnings Summary

Riverview Bancorp

25/01/2024 22:10

* Riverview Bancorp Inc  RVSB.OQ  reported quarterly
adjusted
earnings of 7 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 24 cents.  The lone analyst forecast for
the quarter was for earnings of 10 cents per share. 
    * Revenue fell 25.7% to $12.38 million from a year ago;
analysts
expected $13.10 million. 
    * Riverview Bancorp Inc's reported EPS for the quarter was 7
cents​.
    * The company reported quarterly net income of $1.45
million.
    * Riverview Bancorp Inc shares had fallen by 9.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.1%
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." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Riverview Bancorp
Inc is $6.00 
This summary was machine generated from LSEG data January 25 at
10:09 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      0.10           0.07           Missed
 Sep. 30 2023      0.12           0.12           Met
 Jun. 30 2023      0.13           0.13           Met
 Mar. 31 2023      0.19           0.14           Missed