Alerus (ALRS) Misses Q3 Earnings and Revenue Estimates

Company Performance - Alerus reported quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.44 per share, and down from $0.45 per share a year ago, representing an earnings surprise of -40.91% [1] - The company posted revenues of $50.91 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 2.67%, but up from $48.8 million year-over-year [2] - Over the last four quarters, Alerus has surpassed consensus EPS estimates only once, while it has topped consensus revenue estimates three times [2] Market Comparison - Alerus shares have increased by approximately 6.7% since the beginning of the year, compared to the S&P 500's gain of 22.1% [3] - The current Zacks Rank for Alerus is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.15 on revenues of $62.45 million, and for the current fiscal year, it is $1.21 on revenues of $213.75 million [7] - The outlook for the Financial - Miscellaneous Services industry, to which Alerus belongs, is currently in the bottom 43% of over 250 Zacks industries, which may impact stock performance [8]