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 12 months in the past. These figures are adjusted for non-recurring objects.
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 truly produced earnings of $0.51, delivering a shock of -1.92%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates two occasions.
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 occasions during the last 4 quarters.
The sustainability of the inventory’s fast worth motion primarily based on the…