Lakeland Bancorp Inc expected to post earnings of 43  cents a share - Earnings Preview

Lakeland Bancorp

19/07/2021 13:39

* Lakeland Bancorp Inc  LBAI.OQ   LBAI.O  is expected to show a
rise in quarterly revenue when it reports results on July 21
(estimated) .
* The Oak Ridge, New Jersey-based company is expected to report 
 a 15.3% increase in revenue to $64.583 million from $56 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 43 cents per share. For the same quarter last
year, the company reported earnings of 23 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 $21.5​, about 25.3% above​ its last closing price
of $16.06. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  0.40        0.39       0.45      Beat    16.7
 Dec. 31 2020  0.30        0.29       0.37      Beat    26
 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.          0.29​       0.29       0.24      Missed  -17.2​
 31​ 2020​                                              
 Dec. 31 2019  0.34        0.34       0.37      Beat    7.5​
 Sep. 30 2019  0.35        0.35       0.37      Beat    6.7
 Jun. 30 2019  0.35        0.35       0.35      Met     0.6
 This summary was machine generated July 19 at 12:39 GMT.  All
figures in US dollars unless otherwise stated