WAFD - Sierra Bancorp Surpasses Q1 Earnings and Revenue Estimates | Benzinga
Sierra Bancorp (NASDAQ: BSRR) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this parent company of Bank of the Sierra would post earnings of $0.70 per share when it actually produced earnings of $0.43, delivering a surprise of -38.57%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Sierra Bancorp, which belongs to the Zacks Banks - West industry, posted revenues of $37.31 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 6.89%. This compares to year-ago revenues of $34.71 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the ...