Amalgamated Bank expected to post earnings of 72 cents a share - Earnings Preview

Amalgamated Financial

23/01/2024 13:38

* Amalgamated Bank  AMAL.OQ   AMAL.O  is expected to show a
fall
in quarterly revenue when it reports  results on January 25 for
the period ending December 31 2023
    * The New York City-based  company is expected to report a
0.3% decrease in revenue to $71.39 million from $71.57 million a
year ago, according to the mean estimate from 3 analysts, based
on LSEG data. (Revenue is on Operating revenue basis)
    * ​LSEG's mean analyst estimate for Amalgamated Bank is for
earnings of 72 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"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 $30.50​, above​ its last closing price of $26.38. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.70        0.70       0.76      Beat    8.7
 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.        0.69        0.69       0.77      Beat    11
 30 2022                                                
 Jun. 30 2022  0.55        0.55       0.65      Beat    18.2​
 Mar. 31 2022  0.39        0.39       0.46      Beat    19.2
 Dec. 31 2021  0.41        0.41       0.50      Beat    23
 This summary was machine generated January 23 at 13:38 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)