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

STERLING BANCORP

25/10/2023 18:34

* Sterling Bancorp Inc  SBT.OQ  reported quarterly adjusted
earnings of 1 cent​​ per share for the quarter ended in
September. The mean expectation of two analysts for the quarter
was for earnings of 4 cents per share.
    * Revenue fell 14.6% to $16.38 million from a year ago;
analysts
expected $17.28 million. 
    * Sterling Bancorp Inc's reported EPS for the quarter was 1
cent​.
    * 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. 
    * Sterling Bancorp Inc shares had fallen by 4.8% this
quarter and
lost 8.7% so far this year.
    * The company reported quarterly net income of $314
thousand.
    * Wall Street's median 12-month price target for Sterling
Bancorp
Inc is $7.50 
    * 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
October 25 at 05:34 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.04           0.01           Missed
 Jun. 30 2023      0.03           0.05           Beat
 Mar. 31 2023      0.10           -0.01          Missed
 Dec. 31 2022      0.03           0.00           Missed