Stellar Bancorp Inc expected to post earnings of 48 cents a share - Earnings Preview

Stellar Bancorp

24/04/2024 13:37

* Stellar Bancorp Inc  STEL.N   STEL.K  is expected to show
a fall
in quarterly revenue when it reports  results on April 26 for
the period ending March 31 2024
    * The Houston Texas-based  company is expected to report a
13.1% decrease in revenue to $107.136 million from $123.33
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Stellar Bancorp Inc is
for
earnings of 48 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Stellar
Bancorp
Inc is $30.00​, above​ its last closing price of $24.16. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.56        0.55       0.51      Missed  -7.9
 Sep. 30 2023  0.57        0.57       0.58      Beat    1
 Jun. 30 2023  0.68        0.68       0.66      Missed  -2.9​
 Mar. 31 2023  0.70        0.71       0.70      Missed  -0.8
 ​​Dec.        0.78        0.77       0.04      Missed  -94.8
 31 2022                                                
 Sep. 30 2022  0.79        0.81       0.52      Missed  -35.4​
 Jun. 30 2022  0.42        0.42       0.48      Beat    13.4
 Mar. 31 2022  0.31        0.32       0.38      Beat    18.8
 This summary was machine generated April 24 at 12:37 GMT.  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)