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

STERLING BANCORP

24/01/2024 14:31

* Sterling Bancorp Inc  SBT.OQ  reported quarterly adjusted
earnings of 10 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported breakeven earnings per share.  The lone analyst
forecast for the quarter was for earnings of 3 cents per share. 
    * Revenue fell 18.4% to $15.32 million from a year ago;
analysts
expected $16.37 million. 
    * Sterling Bancorp Inc's reported EPS for the quarter was 10
cents​.
    * The company reported quarterly net income of $5.06
million.
    * Sterling Bancorp Inc shares had fallen by 8.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 40%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Sterling Bancorp
Inc is $8.00 
This summary was machine generated from LSEG data January 24 at
02:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.03           0.10           Beat
 Sep. 30 2023      0.04           0.01           Missed
 Jun. 30 2023      0.03           0.05           Beat
 Mar. 31 2023      0.10           -0.01          Missed