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

Amalgamated Financial

24/01/2023 13:43

* Amalgamated Bank  AMAL.OQ   AMAL.O  is expected to show a
rise
in quarterly revenue when it reports  results on January 26. 
    * The New York City-based  company is expected to report  a
22.5% increase in revenue to $72.846 million from $59.44 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 74 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 $30​, above​ its last closing price of $23.14. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Dec. 31 2021  0.41        0.41       0.50      Beat    23
 ​​Sep.        0.37        0.37       0.46      Beat    22.9
 30 2021                                                
 Jun. 30 2021  0.37        0.36       0.32      Missed  -10.8​
 Mar. 31 2021  0.30        0.34       0.41      Beat    22
 Dec. 31 2020  0.32        0.33       0.44      Beat    32.4
 This summary was machine generated January 24 at 13:43 GMT.  All
figures in US dollars  unless otherwise stated