Alerus Finl Q4 Adj $0.50 Beats $0.29 Estimate, Sales $20.84M Miss $45.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alerus Financial Corp. (ALRS) reported Q4 adjusted earnings of $0.50 per share, surpassing the $0.29 estimate by 72.41%, but saw a 5.66% decrease from the previous year's $0.53 per share. Sales were $20.84M, falling short of the $45.38M estimate by 54.09% and representing a 60.30% decline from last year's $52.48M.
January 24, 2024 | 9:45 pm
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Alerus Financial Corp. (ALRS) exceeded EPS estimates but significantly missed sales forecasts, indicating mixed financial performance in Q4.
While the earnings per share beat may be viewed positively, the substantial miss on sales forecasts and the year-over-year decline in both earnings and sales could raise concerns about the company's growth trajectory and operational challenges, potentially leading to a neutral short-term impact on the stock price.
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IMPORTANCE 75
RELEVANCE 100