Amalgamated Bank expected to post earnings of 79 cents a share - Earnings Preview

Amalgamated Financial

23/07/2024 17:05

* Amalgamated Bank  AMAL.OQ   AMAL.O  is expected to show a
rise
in quarterly revenue when it reports  results on July 25 for the
period ending January 1 0001
    * The New York City-based  company is expected to report a
9.1% increase in revenue to $77.358 million from $70.93 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 79 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 $29.50​, below​ its last closing price of $32.01. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.71        0.74       0.83      Beat    12.6
 Jan. 1 2024   0.72        0.72       0.72      Met     0.5
 Jan. 1 0001   0.70        0.70       0.76      Beat    8.7​
 Jun. 30 2023  0.74        0.74       0.72      Missed  -2.4
 ​​Mar.        0.71        0.71       0.74      Beat    4.3
 31 2023                                                
 Dec. 31 2022  0.74        0.74       0.83      Beat    12.1​
 Sep. 30 2022  0.69                   0.77              11
 Jun. 30 2022  0.55        0.55       0.65      Beat    18.2
 This summary was machine generated July 23 at 16:05 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)