Sterling Bancorp (STL) Misses Q3 Earnings Estimates

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Sterling Bancorp (STL) Misses Q3 Earnings Estimates

Sterling Bancorp (STL) got here out with quarterly earnings of $0.52 per share, lacking the Zacks C


Sterling Bancorp (STL) got here out with quarterly earnings of $0.52 per share, lacking the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.51 per share a yr in the past. These figures are adjusted for non-recurring gadgets.

This quarterly report represents an earnings shock of -3.70%. 1 / 4 in the past, it was anticipated that this financial institution holding firm would publish earnings of $0.52 per share when it really produced earnings of $0.51, delivering a shock of -1.92%.

During the last 4 quarters, the corporate has surpassed consensus EPS estimates two instances.

Sterling Bancorp, which belongs to the Zacks Banks – Northeast trade, posted revenues of $278.74 million for the quarter ended September 2019, surpassing the Zacks Consensus Estimate by 5.06%. This compares to year-ago revenues of $272.20 million. The corporate has topped consensus income estimates two instances during the last 4 quarters.

The sustainability of the inventory’s instant value motion primarily based on the…



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