Lakeland Bancorp Inc expected to post earnings of 38  cents a share - Earnings Preview

Lakeland Bancorp

26/04/2022 16:30

* Lakeland Bancorp Inc  LBAI.OQ   LBAI.O  is expected
to show a
rise in quarterly revenue when it reports  results on April 28. 
    * The Oak Ridge New Jersey-based  company is expected to
report  a
30.9% increase in revenue to $81.779 million from $62.49 million
a year ago, according to the mean estimate from 6 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Lakeland Bancorp
Inc is
for earnings of 38 cents per share. For the same quarter last
year, the company reported earnings of 45 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "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 Lakeland
Bancorp
Inc is $23​, above​ its last closing price of $16.03. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021  0.42        0.42       0.45      Beat    7.5
 Sep. 30 2021  0.44        0.44       0.47      Beat    7
 Jun. 30 2021  0.43        0.43       0.53      Beat    23​
 Mar. 31 2021  0.40        0.39       0.45      Beat    16.7
 ​​Dec.        0.30        0.29       0.37      Beat    26
 31 2020                                                
 Sep. 30 2020  0.26        0.26       0.28      Beat    8.9​
 Jun. 30 2020  0.26        0.26       0.23      Missed  -12.4
 Mar. 31 2020  0.29        0.29       0.24      Missed  -17.2
 This summary was machine generated April 26 at 15:30 GMT.  All
figures in US dollars  unless otherwise stated