Shore Bancshares Inc expected to post earnings of 35 cents a share - Earnings Preview

Shore Bancshares

22/01/2024 11:56

* Shore Bancshares Inc  SHBI.OQ   SHBI.O  is expected
to show a
rise in quarterly revenue when it reports  results on January 24
(estimated) for the period ending December 31 2023
    * The Easton Maryland-based  company is expected to report a
64.2% increase in revenue to $44.228 million from $26.94 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data. (SAL represents Net interest Income)
    * ​LSEG's mean analyst estimate for Shore Bancshares Inc is
for
earnings of 35 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"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 Shore
Bancshares
Inc is $16.00​, above​ its last closing price of $13.11. ​​​

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  0.34        0.34       -0.19     Missed  -155.3
 Jun. 30 2023  0.31        0.31       0.20      Missed  -34.8
 Mar. 31 2023  0.38        0.40       0.32      Missed  -20​
 Dec. 31 2022  0.49        0.49       0.42      Missed  -14.9
 ​​Sep.        0.45        0.46       0.49      Beat    7.7
 30 2022                                                
 Jun. 30 2022  0.42        0.42       0.40      Missed  -4.8​
 Mar. 31 2022  0.35        0.34       0.33      Missed  -2.9
 Dec. 31 2021  0.37        0.37       0.51      Beat    37.8
 This summary was machine generated January 22 at 11:55 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)