ConnectOne Bancorp Inc reports results for the quarter ended in March - Earnings Summary
ConnectOne Bancorp Inc CNOB.OQ reported quarterly adjusted earnings of 41 cents per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 59 cents. The mean expectation of five analysts for the quarter was for earnings of 42 cents per share. Wall Street expected results to range from 40 cents to 43 cents per share.
Revenue fell 10.1% to $60.30 million from a year ago; analysts expected $61.60 million.
ConnectOne Bancorp Inc's reported EPS for the quarter was 41 cents.
The company reported quarterly net income of $15.7 million.
ConnectOne Bancorp Inc shares had risen by 1.2% this quarter and lost 13.9% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 4.6% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
The average consensus recommendation for the banks peer group is also "buy"
Wall Street's median 12-month price target for ConnectOne Bancorp Inc is $27.00
This summary was machine generated from LSEG data April 25 at 03:02 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Mar. 31 2024 | 0.42 | 0.41 | Missed |
Dec. 31 2023 | 0.45 | 0.46 | Beat |
Sep. 30 2023 | 0.50 | 0.51 | Beat |
Jun. 30 2023 | 0.48 | 0.51 | Beat |
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