Amalgamated Bank expected to post earnings of 74 cents a share - Earnings Preview

Amalgamated Financial

23/04/2024 15:02

* Amalgamated Bank  AMAL.OQ   AMAL.O  is expected to show a
rise
in quarterly revenue when it reports  results on April 25 for
the period ending March 31 2024
    * The New York City-based  company is expected to report a
4.7% increase in revenue to $75.891 million from $72.49 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 74 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 $29.00​, above​ its last closing price of $22.75. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.72        0.72       0.72      Met     0.5
 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.        0.74        0.74       0.83      Beat    12.1
 31 2022                                                
 Sep. 30 2022  0.69        0.69       0.77      Beat    11​
 Jun. 30 2022  0.55        0.55       0.65      Beat    18.2
 Mar. 31 2022  0.39        0.39       0.46      Beat    19.2
 This summary was machine generated April 23 at 14:02 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)