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

Riverview Bancorp

25/07/2024 22:18

* Riverview Bancorp Inc  RVSB.OQ  reported quarterly
adjusted
earnings of 5 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 13 cents.  The lone analyst forecast for the quarter was
for earnings of 6 cents per share. 
    * Revenue fell 29.3% to $12.19 million from a year ago;
analysts
expected $12.20 million. 
    * Riverview Bancorp Inc's reported EPS for the quarter was 5
cents​.
    * The company reported quarterly net income of $966
thousand.
    * Riverview Bancorp Inc shares had risen by 10.3% this
quarter and
lost 31.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 50% 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 $5.25 
This summary was machine generated from LSEG data July 25 at
09:17 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
 Jun. 30 2024      0.06           0.05           Missed
 Mar. 31 2024      0.03           -0.14          Missed
 Dec. 31 2023      0.10           0.07           Missed
 Sep. 30 2023      0.12           0.12           Met