Alerus (ALRS) Q1 Earnings and Revenues Top Estimates

Core Viewpoint - Alerus (ALRS) reported quarterly earnings of $0.56 per share, exceeding the Zacks Consensus Estimate of$ 0.43 per share, and showing a year-over-year increase from $0.32 per share [1] Group 1: Earnings Performance - The earnings surprise for the recent quarter was 30.23%, with a previous quarter's surprise of 12.82% [1][2] - Over the last four quarters, Alerus has surpassed consensus EPS estimates two times [2] - The company posted revenues of$ 69 million for the quarter, surpassing the Zacks Consensus Estimate by 5.42%, compared to $47.54 million in the same quarter last year [2] Group 2: Stock Performance and Outlook - Alerus shares have declined approximately 7.9% since the beginning of the year, while the S&P 500 has decreased by 6.1% [3] - The company's earnings outlook will be crucial for future stock performance, with current consensus EPS estimates at$ 0.51 for the next quarter and $2.06 for the current fiscal year [4][7] Group 3: Industry Context - The Financial - Miscellaneous Services industry, to which Alerus belongs, is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Alerus's stock performance [5]