Alerus (ALRS - Free Report) reported $46.99 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 10.5%. EPS of $0.24 for the same period compares to $0.53 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $45 million, representing a surprise of +4.41%. The company delivered an EPS surprise of -17.24%, with the consensus EPS estimate being $0.29.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Alerus performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net charge-offs/(recoveries) to average loans: 0% versus 0.1% estimated by two analysts on average.
- Efficiency ratio: 165.4% versus 81.3% estimated by two analysts on average.
- Net interest margin, tax-equivalent: 2.4% versus 2.2% estimated by two analysts on average.
- Average Balance - Total interest earning assets: $3.59 billion versus $3.68 billion estimated by two analysts on average.
- Total Noninterest income: $0.79 million versus the two-analyst average estimate of $24.91 million.
- Net interest income: $21.55 million compared to the $20.13 million average estimate based on two analysts.
View all Key Company Metrics for Alerus here>>>Shares of Alerus have returned -4.6% over the past month versus the Zacks S&P 500 composite's +2.4% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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Alerus (ALRS - Free Report) reported $46.99 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 10.5%. EPS of $0.24 for the same period compares to $0.53 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $45 million, representing a surprise of +4.41%. The company delivered an EPS surprise of -17.24%, with the consensus EPS estimate being $0.29.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Alerus performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net charge-offs/(recoveries) to average loans: 0% versus 0.1% estimated by two analysts on average.
- Efficiency ratio: 165.4% versus 81.3% estimated by two analysts on average.
- Net interest margin, tax-equivalent: 2.4% versus 2.2% estimated by two analysts on average.
- Average Balance - Total interest earning assets: $3.59 billion versus $3.68 billion estimated by two analysts on average.
- Total Noninterest income: $0.79 million versus the two-analyst average estimate of $24.91 million.
- Net interest income: $21.55 million compared to the $20.13 million average estimate based on two analysts.
View all Key Company Metrics for Alerus here>>>Shares of Alerus have returned -4.6% over the past month versus the Zacks S&P 500 composite's +2.4% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
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