Sterling Bancorp Inc reports results for the quarter ended in December - Earnings Summary

STERLING BANCORP

30/01/2023 14:31

* Sterling Bancorp Inc  SBT.OQ  reported quarterly breakeven
results​​ per share for the quarter ended in December. The mean
expectation of three analysts for the quarter was for earnings
of 3 cents per share.
    * Revenue fell 25.8% to $18.77 million from a year ago;
analysts
expected $19.86 million. 
    * Sterling Bancorp Inc's reported EPS for the quarter was
breakeven results​.
    * The mean earnings estimate of analysts had fallen by
about 33.3%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Sterling Bancorp Inc shares had risen by 2.1% this
quarter.
    * The company reported a quarterly loss of $194 thousand.
    * Wall Street's median 12-month price target for Sterling
Bancorp
Inc is $7.75 
    * 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." 

This summary was machine generated from Refinitiv data January
30 at 02:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.03           0.00           Missed
 Sep. 30 2022      0.04           0.02           Missed
 Jun. 30 2022      0.05           -0.04          Missed
 Mar. 31 2022      0.09           0.10           Beat