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

Amalgamated Financial

27/07/2023 14:31

* Amalgamated Bank  AMAL.OQ  reported quarterly adjusted
earnings
of 72 cents​​ per share for the quarter ended in June. The mean
expectation of three analysts for the quarter was for earnings
of 74 cents per share.
    * Revenue rose 11.3% to $70.93 million from a year ago;
analysts
expected $71.00 million. 
    * Amalgamated Bank's reported EPS for the quarter was 70
cents​.
    * The mean earnings estimate of analysts had risen by
about 2.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Amalgamated Bank shares had risen by 27.2% this
quarter and
lost 11.2% so far this year.
    * The company reported quarterly net income of $21.64
million.
    * Wall Street's median 12-month price target for Amalgamated
Bank
is $22.50 
    * 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 LSEG Refinitiv data July
27 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.74           0.72           Missed
 Mar. 31 2023      0.71           0.74           Beat
 Dec. 31 2022      0.74           0.83           Beat
 Sep. 30 2022      0.69           0.77           Beat