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

Stellar Bancorp

27/10/2023 20:22

* Stellar Bancorp Inc  STEL.N  reported quarterly adjusted
earnings of 58 cents​​ per share for the quarter ended in
September. The mean expectation of five analysts for the quarter
was for earnings of 57 cents per share.
    * Revenue rose 133.8% to $108.60 million from a year ago;
analysts
expected $109.35 million. 
    * The mean earnings estimate of analysts had fallen by
about 5.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Stellar Bancorp Inc shares had risen by 4.1% this quarter.
    * Wall Street's median 12-month price target for Stellar
Bancorp
Inc is $27.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
October 27 at 07:22 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.77           0.04           Missed