Sandy Spring Bancorp Inc expected to post earnings of 66  cents a share - Earnings Preview

Sandy Spring Bancorp

21/07/2023 16:52

* Sandy Spring Bancorp Inc  SASR.OQ   SASR.O  is expected
to show
a fall in quarterly revenue when it reports  results on July
25. 
    * The Olney Maryland-based  company is expected to report  a
8.4% decrease in revenue to $96.999 million from $105.95 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Sandy Spring
Bancorp Inc
is for earnings of 66 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "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 Sandy
Spring
Bancorp Inc is $25.5​, above​ its last closing price of $24.38.
​​​

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  0.65        0.67       1.16      Beat    72.5
 Dec. 31 2023  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
 ​​Mar.        0.95        0.95       0.96      Beat    1.3
 31 2022                                                
 Dec. 31 2021  1.09        1.09       0.99      Missed  -9.2​
 Sep. 30 2021  1.09        1.10       1.20      Beat    9.1
 Jun. 30 2021  1.21        1.20       1.19      Missed  -1
 This summary was machine generated July 21 at 15:52 GMT.  All
figures in US dollars  unless otherwise stated