Alerus Finl Q3 2024 Adj. EPS $0.31 Misses $0.44 Estimate, Sales $50.905M Miss $52.217M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alerus Financial (NASDAQ:ALRS) reported Q3 2024 earnings per share of $0.31, missing the analyst estimate of $0.44 by 29.55%. Sales were $50.905M, below the $52.217M estimate, but up 4.31% from last year.
October 29, 2024 | 8:34 pm
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Alerus Financial's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $0.31 versus the expected $0.44, and sales at $50.905M versus $52.217M. Despite the miss, sales increased by 4.31% year-over-year.
The significant miss in EPS and sales compared to analyst estimates is likely to negatively impact ALRS's stock price in the short term. However, the year-over-year sales growth of 4.31% may provide some support.
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RELEVANCE 100