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Alerus (ALRS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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Alerus (ALRS - Free Report) reported $47.54 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 2.8%. EPS of $0.32 for the same period compares to $0.40 a year ago.
The reported revenue represents a surprise of +0.30% over the Zacks Consensus Estimate of $47.4 million. With the consensus EPS estimate being $0.31, the EPS surprise was +3.23%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 78.9% versus the two-analyst average estimate of 79.6%.
Net interest margin, tax-equivalent: 2.4% versus the two-analyst average estimate of 2.5%.
Average Balance - Total interest earning assets: $3.92 billion versus $3.74 billion estimated by two analysts on average.
Tax-equivalent net interest income: $22.12 million versus $22.63 million estimated by two analysts on average.
Total Noninterest income: $25.32 million versus $24.95 million estimated by two analysts on average.
Net interest income: $22.22 million versus the two-analyst average estimate of $22.42 million.
Shares of Alerus have returned -0.7% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Alerus (ALRS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Alerus (ALRS - Free Report) reported $47.54 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 2.8%. EPS of $0.32 for the same period compares to $0.40 a year ago.
The reported revenue represents a surprise of +0.30% over the Zacks Consensus Estimate of $47.4 million. With the consensus EPS estimate being $0.31, the EPS surprise was +3.23%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 78.9% versus the two-analyst average estimate of 79.6%.
- Net interest margin, tax-equivalent: 2.4% versus the two-analyst average estimate of 2.5%.
- Average Balance - Total interest earning assets: $3.92 billion versus $3.74 billion estimated by two analysts on average.
- Tax-equivalent net interest income: $22.12 million versus $22.63 million estimated by two analysts on average.
- Total Noninterest income: $25.32 million versus $24.95 million estimated by two analysts on average.
- Net interest income: $22.22 million versus the two-analyst average estimate of $22.42 million.
View all Key Company Metrics for Alerus here>>>Shares of Alerus have returned -0.7% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.