Amalgamated Bank reports results for the quarter ended in December - Earnings Summary

Amalgamated Financial

26/01/2023 14:31

* Amalgamated Bank  AMAL.OQ  reported quarterly adjusted
earnings
of 83 cents​​ per share for the quarter ended in December. The
mean expectation of three analysts for the quarter was
for earnings of 74 cents per share.
    * Revenue rose 20.4% to $71.57 million from a year ago;
analysts
expected $72.85 million. 
    * Amalgamated Bank's reported EPS for the quarter was 80
cents​.
    * The mean earnings estimate of analysts had risen by
about 4.1%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Amalgamated Bank shares had risen by 0.6% this quarter.
    * The company reported quarterly net income of $24.76
million.
    * Wall Street's median 12-month price target for Amalgamated
Bank
is $30.00 
    * 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." 

This summary was machine generated from Refinitiv data January
26 at 02:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.74           0.83           Beat
 Sep. 30 2022      0.69           0.77           Beat
 Jun. 30 2022      0.55           0.65           Beat
 Mar. 31 2022      0.39           0.46           Beat