Alerus Finl Q1 2024 GAAP EPS $0.32, Inline, Sales $47.542M Beat $47.448M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alerus Financial (ALRS) reported Q1 2024 earnings of $0.32 per share, meeting analyst estimates, with a 20% decrease from the previous year. Sales were $47.542M, slightly above estimates but down 2.8% from the previous year.
April 24, 2024 | 8:40 pm
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Alerus Financial reported Q1 2024 earnings of $0.32 per share, in line with estimates, and a slight sales beat at $47.542M, though both earnings and sales saw a year-over-year decrease.
The earnings per share (EPS) meeting analyst estimates and a slight beat on sales expectations might be viewed positively by investors. However, the year-over-year decrease in both earnings and sales could temper any positive sentiment, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100