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

Sandy Spring Bancorp

19/07/2024 14:17

* Sandy Spring Bancorp Inc  SASR.OQ   SASR.O  is expected
to show
a fall in quarterly revenue when it reports  results on July 23
for the period ending June 30 2024
    * The Olney Maryland-based  company is expected to report a
9.5% decrease in revenue to $81.867 million from $90.47 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data. (SAL represents Net Interest Income)
    * ​LSEG's mean analyst estimate for Sandy Spring Bancorp Inc
is
for earnings of 43 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"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 Sandy
Spring
Bancorp Inc is $25.00​, below​ its last closing price of $29.31.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024              0.45       0.49      Beat    9.6
 Dec. 31 2024              0.52       0.60      Beat    15.4
 Sep. 30 2023  0.56        0.56       0.62      Beat    11.3​
 Jun. 30 2023  0.66        0.66       0.55      Missed  -17
 ​​Mar.        0.65        0.67       1.16      Beat    72.5
 31 2023                                                
 Dec. 31 2022  0.92        0.92       0.79      Missed  -14​
 Sep. 30 2022  0.99        0.99       0.77      Missed  -22.5
 Jun. 30 2022  0.93        0.95       0.93      Missed  -1.8
 This summary was machine generated July 19 at 13:17 GMT.  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)