Alerus (ALRS) Beats Q1 Earnings and Revenue Estimates

分组1 - Alerus reported quarterly earnings of $0.32 per share, exceeding the Zacks Consensus Estimate of $0.31 per share, but down from $0.40 per share a year ago, indicating an earnings surprise of 3.23% [1] - The company generated revenues of $47.54 million for the quarter, surpassing the Zacks Consensus Estimate by 0.30%, but down from $48.91 million year-over-year [1] - Over the last four quarters, Alerus has exceeded consensus EPS estimates three times and has topped consensus revenue estimates three times as well [1] 分组2 - Alerus shares have declined approximately 6.3% year-to-date, while the S&P 500 has gained 6.3% [2] - The future performance of Alerus stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [2] - The current consensus EPS estimate for the upcoming quarter is $0.40 on revenues of $49.9 million, and for the current fiscal year, it is $1.53 on revenues of $200.5 million [4] 分组3 - The Zacks Industry Rank for Financial - Miscellaneous Services is in the top 38% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [4] - Another company in the same industry, NerdWallet, Inc. (NRDS), is expected to report results for the quarter ended March 2024 on April 25, with a consensus EPS estimate of break-even and revenues expected to decline by 7.2% year-over-year [5]