Sandy Spring Bancorp Inc reports results for the quarter ended December 31 - Earnings Summary

Sandy Spring Bancorp

28/01/2025 14:32

* Sandy Spring Bancorp Inc  SASR.OQ  reported quarterly
adjusted
earnings of 47 cents​​ per share for the quarter ended December
31, lower than the same quarter last year, when the company
reported EPS of 60 cents.  The mean expectation of
three analysts for the quarter was for earnings of 48 cents per
share. Wall Street expected results to range from 47 cents to 49
cents per share.
    * Revenue fell 15.4% to $86.09 million from a year ago;
analysts
expected $85.36 million. 
    * Sandy Spring Bancorp Inc's reported EPS for the quarter
was a
loss of 87 cents​.
    * The company reported a quarterly loss of $39.45 million.
    * Sandy Spring Bancorp Inc shares had risen by 0.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Sandy Spring
Bancorp Inc is $35.00 
This summary was machine generated from LSEG data January 28 at
02:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.48           0.47           Missed
 Sep. 30 2024      0.46           0.36           Missed
 Jun. 30 2024      0.43           0.51           Beat
 Mar. 31 2024      0.45           0.49           Beat