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

Stellar Bancorp

26/01/2024 14:31

* Stellar Bancorp Inc  STEL.N  reported quarterly adjusted
earnings of 51 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 4 cents.  The mean expectation of
five analysts for the quarter was for earnings of 55 cents per
share. Wall Street expected results to range from 52 cents to 58
cents per share.
    * Revenue fell 5.8% to $112.82 million from a year ago;
analysts
expected $108.24 million. 
    * Stellar Bancorp Inc's reported EPS for the quarter was 51
cents​.
    * The company reported quarterly net income of $27.27
million.
    * Stellar Bancorp Inc shares had fallen by 4.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.5%
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 3 "strong buy" or "buy," 2
"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 Stellar Bancorp
Inc is $30.00 
This summary was machine generated from LSEG data January 26 at
02:31 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
 Dec. 31 2023      0.55           0.51           Missed
 Sep. 30 2023      0.57           0.58           Beat
 Jun. 30 2023      0.68           0.66           Missed
 Mar. 31 2023      0.71           0.70           Missed