Advertisement
UK markets closed

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • FTSE 250

    20,164.54
    +112.24 (+0.56%)
     

  • AIM

    771.53
    +3.42 (+0.45%)
     

  • GBP/EUR

    1.1668
    +0.0016 (+0.14%)
     

  • GBP/USD

    1.2584
    +0.0038 (+0.30%)
     

  • Bitcoin GBP

    50,863.14
    +98.51 (+0.19%)
     

  • CMC Crypto 200

    1,376.58
    +63.96 (+4.87%)
     

  • S&P 500

    5,159.15
    +31.36 (+0.61%)
     

  • DOW

    38,819.06
    +143.38 (+0.37%)
     

  • CRUDE OIL

    78.83
    +0.72 (+0.92%)
     

  • GOLD FUTURES

    2,337.80
    +29.20 (+1.26%)
     

  • NIKKEI 225

    38,236.07
    -38.03 (-0.10%)
     

  • HANG SENG

    18,578.30
    +102.38 (+0.55%)
     

  • DAX

    18,130.46
    +128.86 (+0.72%)
     

  • CAC 40

    7,993.34
    +35.77 (+0.45%)
     

Alerus (ALRS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Equity Research
·2-min read

Alerus (ALRS) 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.

ADVERTISEMENT

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.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Alerus Financial (ALRS) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research