Recap: Alerus Finl Q4 Earnings
Portfolio Pulse from Benzinga Insights
Alerus Financial Corporation (NASDAQ:ALRS) reported Q4 earnings with an EPS of $0.5, surpassing estimates by 72.41% against the expected $0.29. However, revenue declined by $31.64 million compared to the same period last year. In the previous quarter, ALRS beat EPS estimates by $0.09, leading to a 1.66% share price increase the following day. The company's past earnings performance shows a consistent pattern of surpassing EPS estimates.
January 24, 2024 | 9:35 pm
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Alerus Financial Corporation reported a strong earnings beat for Q4, with an EPS significantly higher than estimates. However, the company experienced a notable decline in revenue compared to the previous year.
The substantial earnings beat is likely to have a positive impact on ALRS's stock price in the short term, as historical data shows a share price increase following the last earnings beat. However, the decline in revenue could temper some of the investor enthusiasm, making the overall impact positive but with some caution due to the revenue decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100