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

Stellar Bancorp

23/10/2024 14:18

* Stellar Bancorp Inc  STEL.N   STEL.K  is expected to show
a fall
in quarterly revenue when it reports  results on October 25 for
the period ending September 30 2024
    * The Houston Texas-based  company is expected to report a
2.1% decrease in revenue to $106.313 million from $108.6 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data. (SAL represents Total Revenue)
    * ​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 2 "strong buy" or "buy," 3
"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 28.00​, above​ its last closing price of $26.20. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.48        0.48       0.56      Beat    17.2
 Jan. 1 2024   0.48        0.48       0.49      Beat    2.1
 Dec. 31 2023  0.56        0.55       0.51      Missed  -7.9​
 Jan. 1 0001   0.57        0.57       0.58      Beat    1
 ​​Mar.        0.68        0.68                         
 31 2023                                                
 Jan. 1 0001   0.70        0.71                         -0.8​
 Dec. 31 2022  0.78        0.77       0.04      Missed  -94.8
 Sep. 30 2022  0.79        0.81       0.52      Missed  -35.4
 This summary was machine generated October 23 at 13:18 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)