In This Article:
California BanCorp (NASDAQ:BCAL) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$15.2m (down 37% from 3Q 2023).
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Net loss: US$16.5m (down by 351% from US$6.56m profit in 3Q 2023).
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US$0.59 loss per share (down from US$0.36 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
California BanCorp EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 51%.
Looking ahead, revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's share price is broadly unchanged from a week ago.
Valuation
California BanCorp's financial results now indicate the company's shares could present an opportunity based on 6 important indicators. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.
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