Amalgamated Bank expected to post earnings of 70  cents a share - Earnings Preview

Amalgamated Financial

24/10/2023 14:02

* Amalgamated Bank  AMAL.OQ   AMAL.O  is expected to show a
fall
in quarterly revenue when it reports  results 
    * The New York City-based  company is expected to report  a
3.6% decrease in revenue to $70.04 million from $72.63 million a
year ago, according to the mean estimate from 3 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Amalgamated Bank is
for
earnings of 70 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Amalgamated
Bank
is $22​, above​ its last closing price of $15.80. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.74        0.74       0.72      Missed  -2.4
 Mar. 31 2023  0.71        0.71       0.74      Beat    4.3
 Dec. 31 2022  0.74        0.74       0.83      Beat    12.1​
 Sep. 30 2022  0.69        0.69       0.77      Beat    11
 ​​Jun.        0.55        0.55       0.65      Beat    18.2
 30 2022                                                
 Mar. 31 2022  0.39        0.39       0.46      Beat    19.2​
 Dec. 31 2021  0.41        0.41       0.50      Beat    23
 Sep. 30 2021  0.37        0.37       0.46      Beat    22.9
 This summary was machine generated October 24 at 13:01 GMT.  All
figures in US dollars  unless otherwise stated