Eagle Bancorp Inc reports results for the quarter ended in June - Earnings Summary

Eagle Bancorp

25/07/2024 01:23

* Eagle Bancorp Inc  EGBN.OQ  reported quarterly adjusted
earnings
of 67 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of 94 cents.  The mean expectation of two analysts for the
quarter was for earnings of 43 cents per share. Wall Street
expected results to range from 33 cents to 52 cents per share.
    * Revenue fell 0.6% to $71.35 million from a year ago;
analysts
expected $75.00 million. 
    * Eagle Bancorp Inc's reported EPS for the quarter was a
loss of
$2.78​.
    * The company reported a quarterly loss of $83.8 million.
    * Eagle Bancorp Inc shares had risen by 22.5% this
quarter and
lost 23.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 26.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Eagle Bancorp Inc
is $21.25 
This summary was machine generated from LSEG data July 25 at
12:23 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.43           0.67           Beat
 Mar. 31 2024      0.59           -0.01          Missed
 Dec. 31 2023      0.68           0.67           Missed
 Sep. 30 2023      0.72           0.91           Beat