Sandy Spring Bancorp Inc expected to post earnings of 52 cents a share - Earnings Preview

Sandy Spring Bancorp

19/01/2024 13:50

* Sandy Spring Bancorp Inc  SASR.OQ   SASR.O  is expected
to show
a fall in quarterly revenue when it reports  results on January
23 for the period ending December 31 2023
    * The Olney Maryland-based  company is expected to report a
21.7% decrease in revenue to $83.534 million from $106.64
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 52 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 $24.50​, below​ its last closing price of $25.10.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.56        0.56       0.62      Beat    11.3
 Jun. 30 2023  0.66        0.66       0.55      Missed  -17
 Mar. 31 2023  0.65        0.67       1.16      Beat    72.5​
 Dec. 31 2022  0.92        0.92       0.79      Missed  -14
 ​​Sep.        0.99        0.99       0.77      Missed  -22.5
 30 2022                                                
 Jun. 30 2022  0.93        0.95       0.93      Missed  -1.8​
 Mar. 31 2022  0.95        0.95       0.96      Beat    1.3
 Dec. 31 2021  1.09        1.09       0.99      Missed  -9.2
 This summary was machine generated January 19 at 13:49 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)