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

Amalgamated Financial

26/10/2023 14:32

* Amalgamated Bank  AMAL.OQ  reported quarterly adjusted
earnings
of 76 cents​​ per share for the quarter ended in September. The
mean expectation of three analysts for the quarter was
for earnings of 70 cents per share.
    * Revenue fell 2.9% to $70.51 million from a year ago;
analysts
expected $70.04 million. 
    * Amalgamated Bank's reported EPS for the quarter was 73
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Amalgamated Bank shares had fallen by 9.6% this
quarter and
lost 32.4% so far this year.
    * The company reported quarterly net income of $22.31
million.
    * Wall Street's median 12-month price target for Amalgamated
Bank
is $22.00 
    * 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 LSEG Refinitiv data
October 26 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.70           0.76           Beat
 Jun. 30 2023      0.74           0.72           Missed
 Mar. 31 2023      0.71           0.74           Beat
 Dec. 31 2022      0.74           0.83           Beat