Alerus Finl Q2 2024 GAAP EPS $0.31 Misses $0.36 Estimate, Sales $51.372M Beat $49.058M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alerus Financial (NASDAQ: ALRS) reported Q2 2024 earnings per share (EPS) of $0.31, missing the analyst consensus estimate of $0.36 by 13.89%. However, the company reported quarterly sales of $51.372 million, beating the analyst consensus estimate of $49.058 million by 4.72%. This represents a 7.00% increase over sales of $48.012 million in the same period last year.
July 24, 2024 | 8:38 pm
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Alerus Financial reported Q2 2024 EPS of $0.31, missing estimates by 13.89%, but sales of $51.372 million beat estimates by 4.72% and increased 7% YoY.
The mixed results, with EPS missing but sales beating estimates, suggest a neutral short-term impact on the stock price. The sales beat and YoY growth are positive, but the EPS miss tempers enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100