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

Stellar Bancorp

28/10/2022 14:32

* Stellar Bancorp Inc  STEL.OQ  reported quarterly adjusted
earnings of 52 cents​​ per share for the quarter ended in
September. The mean expectation of three analysts for the
quarter was for earnings of 81 cents per share.
    * Revenue rose 26.2% to $46.46 million from a year ago;
analysts
expected $44.88 million. 
    * Stellar Bancorp Inc's reported EPS for the quarter was 52
cents​.
    * The mean earnings estimate of analysts had risen by
about 34.9%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Stellar Bancorp Inc shares had risen by 3.2% this
quarter and
gained 4.1% so far this year.
    * The company reported quarterly net income of $12.75
million.
    * Wall Street's median 12-month price target for Stellar
Bancorp
Inc is $33.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
28 at 01:32 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2021      0.33           0.35           Beat