Lakeland Bancorp Inc expected to post earnings of 49cents a share - Earnings Preview

Lakeland Bancorp

24/01/2023 15:05

* Lakeland Bancorp Inc  LBAI.OQ   LBAI.O  is expected
to show a
rise in quarterly revenue when it reports  results on January
26. 
    * The Oak Ridge New Jersey-based  company is expected to
report  a
38.8% increase in revenue to $90.086 million from $64.89 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Lakeland Bancorp
Inc is
for earnings of 49 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "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 $18​, below​ its last closing price of $18.47. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2022  0.37        0.38       0.30      Missed  -20.4​
 Dec. 31 2021  0.42        0.42       0.45      Beat    7.5
 ​​Sep.        0.44        0.44       0.47      Beat    7
 30 2021                                                
 Jun. 30 2021  0.43        0.43       0.53      Beat    23​
 Mar. 31 2021  0.40        0.39       0.45      Beat    16.7
 Dec. 31 2020  0.30        0.29       0.37      Beat    26
 This summary was machine generated January 24 at 15:05 GMT.  All
figures in US dollars  unless otherwise stated