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

STERLING BANCORP

31/10/2022 13:32

* Sterling Bancorp Inc  SBT.OQ  reported quarterly adjusted
earnings of 2 cents​​ per share for the quarter ended in
September. The mean expectation of three analysts for the
quarter was for earnings of 4 cents per share.
    * Revenue fell 22.3% to $19.18 million from a year ago;
analysts
expected $19.73 million. 
    * Sterling Bancorp Inc's reported EPS for the quarter was 2
cents​.
    * The mean earnings estimate of analysts had fallen by
about 50%
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 risen by 6.1% this
quarter and
gained 11.3% so far this year.
    * The company reported quarterly net income of $1.18
million.
    * 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 October
31 at 01:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2021      0.10           0.10           Met