Lakeland Bancorp Inc expected to post earnings of 39  cents a share - Earnings Preview

Lakeland Bancorp

25/07/2023 18:27

* Lakeland Bancorp Inc  LBAI.OQ   LBAI.O  is expected
to show a
fall in quarterly revenue when it reports  results on July 27. 
    * The Oak Ridge New Jersey-based  company is expected to
report  a
6.8% decrease in revenue to $81.4 million from $87.37 million a
year ago, according to the mean estimate from 2 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Lakeland Bancorp
Inc is
for earnings of 39 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"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 $19​, above​ its last closing price of $15.51. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.45        0.46       0.30      Missed  -34.4
 Dec. 31 2023  0.49        0.49       0.51      Beat    4.1
 Sep. 30 2022  0.49        0.49       0.44      Missed  -10.1​
 Jun. 30 2022  0.43        0.43       0.44      Beat    2.1
 ​​Mar.        0.37        0.38       0.30      Missed  -20.4
 31 2022                                                
 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
 This summary was machine generated July 25 at 17:26 GMT.  All
figures in US dollars  unless otherwise stated