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Alerus Finl: Q2 Earnings Insights

Alerus Finl (NASDAQ:ALRS) reported its Q2 earnings results on Wednesday, July 27, 2022 at 05:30 PM. Here's what investors need to know about the announcement. Earnings Alerus Finl missed estimated earnings by 8.77%, reporting an EPS of $0.52 versus an esti...

Benzinga · 07/27/2022 18:06

Alerus Finl (NASDAQ:ALRS) reported its Q2 earnings results on Wednesday, July 27, 2022 at 05:30 PM.

Here's what investors need to know about the announcement.

Earnings

Alerus Finl missed estimated earnings by 8.77%, reporting an EPS of $0.52 versus an estimate of $0.57.

Revenue was down $5.89 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.03 which was followed by a 5.19% increase in the share price the next day.

Here's a look at Alerus Finl's past performance:

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.54 0.53 0.50 0.56
EPS Actual 0.57 0.72 0.74 0.66
Revenue Estimate 54.44M 53.94M 53.05M 55.40M
Revenue Actual 51.14M 56.51M 57.17M 57.89M

To track all earnings releases for Alerus Finl VISIT THEIR EARNINGS CALENDAR HERE.

This article was generated by Benzinga's automated content engine and reviewed by an editor.