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

STERLING BANCORP

01/05/2023 14:32

* Sterling Bancorp Inc  SBT.OQ  reported a quarterly
adjusted loss
of 1 cent​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for earnings of
10 cents per share.
    * Revenue fell 20.8% to $17.95 million from a year ago;
analysts
expected $18.37 million. 
    * Sterling Bancorp Inc's reported EPS for the quarter was a
loss
of 1 cent​.
    * The mean earnings estimate of analysts had risen by
about 25% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Sterling Bancorp Inc shares had fallen by 4.2% this
quarter and
lost 11.0% so far this year.
    * The company reported a quarterly loss of $503 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," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
1 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.10           -0.01          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