Stellar Bancorp Inc expected to post earnings of 57  cents a share - Earnings Preview

Stellar Bancorp

25/10/2023 14:04

* Stellar Bancorp Inc  STEL.N   STEL.K  is expected to show
a rise
in quarterly revenue when it reports  results on October 27. 
    * The Houston Texas-based  company is expected to report  a
135.4% increase in revenue to $109.353 million from $46.46
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Stellar Bancorp Inc
is
for earnings of 57 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 $28​, above​ its last closing price of $21.44. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2022  0.78        0.77       0.04      Missed  -94.8​
 Sep. 30 2022  0.79        0.81       0.52      Missed  -35.4
 ​​Jun.        0.42        0.42       0.48      Beat    13.4
 30 2022                                                
 Mar. 31 2022  0.31        0.32       0.38      Beat    18.8​
 Dec. 31 2021  0.33        0.33       0.35      Beat    7.1
 Sep. 30 2021  0.38        0.37       0.59      Beat    59
 This summary was machine generated October 25 at 13:04 GMT.  All
figures in US dollars  unless otherwise stated