Stellar Bancorp Inc reports results for the quarter ended in September 30 - Earnings Summary

Stellar Bancorp

27/10/2024 15:46

* Stellar Bancorp Inc  STEL.N  reported quarterly adjusted
earnings of 63 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 58 cents.  The mean expectation of five analysts
for the quarter was for earnings of 48 cents per share. Wall
Street expected results to range from 46 cents to 51 cents per
share.
    * Revenue fell 0.7% to $107.81 million from a year ago;
analysts
expected $106.31 million. 
    * Stellar Bancorp Inc's reported EPS for the quarter was 63
cents​.
    * The company reported quarterly net income of $33.89
million.
    * Stellar Bancorp Inc shares had risen by 1.4% this
quarter and
lost 5.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Stellar Bancorp
Inc is 28.00 
This summary was machine generated from LSEG data October 27 at
03:46 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
 Sep. 30 2024      0.48           0.63           Beat
 Jun. 30 2024      0.48           0.56           Beat
 Mar. 31 2024      0.48           0.49           Beat
 Dec. 31 2023      0.55           0.51           Missed