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

Riverview Bancorp

26/04/2024 01:55

* Riverview Bancorp Inc  RVSB.OQ  reported a quarterly
adjusted
loss of 14 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 14 cents.  The lone analyst forecast for the quarter was
for earnings of 3 cents per share. 
    * Revenue fell 38.8% to $9.05 million from a year ago;
analysts
expected $11.90 million. 
    * Riverview Bancorp Inc's reported EPS for the quarter was a
loss
of 14 cents​.
    * The company reported a quarterly loss of $2.97 million.
    * Riverview Bancorp Inc shares had fallen by 5.7% this
quarter and
lost 30.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 62.5%
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 April 26 at
12:55 a.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
 Mar. 31 2024      0.03           -0.14          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