Alerus Financial Corporation (NASDAQ: ALRS) has announced that it will be releasing its financial results for the third quarter of 2024 on Tuesday 29th October 2024. The report will be made available after market close, allowing investors and analysts to evaluate the company's performance during this period.
According to the forecasts of financial experts on Wall Street, the concern is expected to reveal an anticipated $0.44 profit per share for the quarter. Additionally, the firm is poised to disclose a quarterly revenue of $52.22 million.
Analysts have provided their projections for the company's full-year performance, revealing that they expect the company to generate a total revenue of $211.84 million. At the same time, the earnings per share for the company are also anticipated to reach profit of $1.51 during the fiscal year.
During the equivalent quarter of the preceding year, the company's financial report highlighted a per-share income of $0.45. This significant amount was the outcome of the company's total revenue, which reached an impressive $48.8 million during that particular timeframe.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.31 | -31.1% | 51.37 M | +7.0% |
| Q1 2024 | $0.32 | -20.0% | 47.54 M | -2.8% |
| Q4 2023 | $0.50 | -5.7% | 20.84 M | -60.3% |
| Q3 2023 | $0.45 | -16.7% | 48.80 M | -11.8% |
| Q2 2023 | $0.45 | -13.5% | 48.01 M | -7.7% |
| *Growth on year-over-year basis | ||||
ALRS has scheduled a conference call on 30th October 2024 at 12:00 PM eastern time to discuss the third quarter financial results and other related information.
Alerus Financial Corporation (ALRS) closed Friday's regular trading session at $23.22, showing a 1.48 percent fall. The stock fluctuated between $23.22 and $23.72 during the day, with a volume of 54.30 thousand shares.
