Sterling Bancorp Inc expected to post earnings of 6 cents a share - Earnings Preview

STERLING BANCORP

30/07/2021 14:28

* Sterling Bancorp Inc  SBT.OQ   SBT.O  is expected to show a
fall in quarterly revenue when it reports results on August 2. 
* The Southfield, Michigan-based company is expected to report 
 a 17.2% decrease in revenue to $23.17 million from $27.99
million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Sterling Bancorp Inc is
for earnings of 6 cents per share. For the same quarter last
year, the company reported earnings of 7 cents per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
* The mean earnings estimate of analysts was unchanged in the
last three months. ​
* Wall Street's median 12-month price target for Sterling
Bancorp Inc is $6​, about 21.7% above​ its last closing price
of $4.70. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  0.01        0.02       0.05      Beat    199.9
 Dec. 31 2020  0.00        0.01       -0.23     Missed  -4,700
 Sep. 30 2020  0.08        0.08       0.00      Missed  -100​
 Jun. 30 2020  -0.17       -0.17      0.07      Beat    141.2
 Mar.          ​           0.21       -0.56     Missed  -366.7
 31​ 2020​                                              ​
 Dec. 31 2019  0.25        0.25       0.28      Beat    12​
 Sep. 30 2019  0.27        0.27       0.28      Beat    5
 Jun. 30 2019  0.27        0.27       0.26      Missed  -2.5
 This summary was machine generated July 30 at 13:28 GMT.  All
figures in US dollars unless otherwise stated