Sterling Bancorp Inc expected to post earnings of 7  cents a share - Earnings Preview

STERLING BANCORP

29/07/2022 19:03

* Sterling Bancorp Inc  SBT.OQ   SBT.O  is expected to show
a fall
in quarterly revenue when it reports  results on August 1
(estimated). 
    * The Southfield Michigan-based  company is expected to
report  a
7.0% decrease in revenue to $21.945 million from $23.6 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 7 cents per share. For the same quarter last
year, the company reported earnings of 5 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 $7.75​, above​ its last closing price of $6.17. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  0.10        0.09       0.10      Beat    11.1
 Dec. 31 2022  0.08        0.10       0.10      Met     3.4
 Sep. 30 2021  0.07        0.07       0.10      Beat    36.4​
 Jun. 30 2021  0.07        0.06       0.05      Missed  -21
 ​​Mar.        0.01        0.02       0.05      Beat    199.9
 31 2021                                                
 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
 This summary was machine generated July 29 at 18:03 GMT.  All
figures in US dollars  unless otherwise stated