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

STERLING BANCORP

24/04/2024 15:08

* Sterling Bancorp Inc  SBT.OQ  reported quarterly breakeven
results​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -1
cents.  The lone analyst forecast for the quarter was
for earnings of 3 cents per share. 
    * Revenue fell 15.7% to $15.13 million from a year ago;
analysts
expected $15.46 million. 
    * Sterling Bancorp Inc's reported EPS for the quarter was
breakeven results​.
    * The company reported a quarterly loss of $197 thousand.
    * Sterling Bancorp Inc shares had fallen by 4.8% this
quarter and
lost 14.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 $7.00 
This summary was machine generated from LSEG data April 24 at
02:08 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
 Mar. 31 2024      0.03           0.00           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