Riverview Bancorp Inc reports results for the quarter ended in September 30 - Earnings Summary

Riverview Bancorp

27/10/2024 15:00

* Riverview Bancorp Inc  RVSB.OQ  reported quarterly
adjusted
earnings of 7 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 12 cents.  The lone analyst forecast for the
quarter was for earnings of 4 cents per share. 
    * Revenue fell 2.6% to $12.78 million from a year ago;
analysts
expected $12.20 million. 
    * Riverview Bancorp Inc's reported EPS for the quarter was 7
cents​.
    * The company reported quarterly net income of $1.56
million.
    * Riverview Bancorp Inc shares had fallen by 1.7% this
quarter and
lost 27.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 33.3%
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 October 27 at
03:00 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
 Sep. 30 2024      0.04           0.07           Beat
 Jun. 30 2024      0.06           0.05           Missed
 Mar. 31 2024      0.03           -0.14          Missed
 Dec. 31 2023      0.10           0.07           Missed