Stellar Bancorp Inc reports results for the quarter ended in December - Earnings Summary

Stellar Bancorp

27/01/2023 18:08

* Stellar Bancorp Inc  STEL.OQ  reported quarterly adjusted
earnings of 4 cents​​ per share for the quarter ended in
December. The mean expectation of five analysts for the quarter
was for earnings of 77 cents per share.
    * Revenue rose 261.6% to $126.25 million from a year ago;
analysts
expected $120.09 million. 
    * Stellar Bancorp Inc's reported EPS for the quarter was 4
cents​.
    * The mean earnings estimate of analysts had risen by
about 13.8%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Stellar Bancorp Inc shares had fallen by 2.9% this
quarter.
    * The company reported quarterly net income of $2.05
million.
    * Wall Street's median 12-month price target for Stellar
Bancorp
Inc is $36.00 
    * 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." 

This summary was machine generated from Refinitiv data January
27 at 06:08 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.77           0.04           Missed
 Sep. 30 2022      0.81           0.52           Missed
 Jun. 30 2022      0.42           0.48           Beat
 Mar. 31 2022      0.32           0.38           Beat