Sterling Bancorp Inc expected to post earnings of 9  cents a share - Earnings Preview

STERLING BANCORP

29/04/2022 19:36

* Sterling Bancorp Inc  SBT.OQ   SBT.O  is expected to show
a fall
in quarterly revenue when it reports  results on May 2. 
    * The Southfield Michigan-based  company is expected to
report  a
1.7% decrease in revenue to $23.275 million from $23.68 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 9 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 $7.25​, above​ its last closing price of $7.00. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021  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. 31 2021  0.01        0.02       0.05      Beat    199.9
 ​​Dec.        0.00        0.01       -0.23     Missed  -4,700
 31 2020                                                
 Sep. 30 2020  0.08        0.08       0.00      Missed  -100​
 Jun. 30 2020  -0.17       -0.17      0.07      Beat    141.2
 Mar. 31 2020              0.21       -0.56     Missed  -366.7
 This summary was machine generated April 29 at 18:36 GMT.  All
figures in US dollars  unless otherwise stated