Shore Bancshares Inc reports results for the quarter ended December 31 - Earnings Summary

Shore Bancshares

30/01/2025 22:55

* Shore Bancshares Inc  SHBI.OQ  reported quarterly adjusted
earnings of 40 cents​​ per share for the quarter ended December
31, higher than the same quarter last year, when the company
reported EPS of 32 cents.  The mean expectation of two analysts
for the quarter was for earnings of 36 cents per share. Wall
Street expected results to range from 34 cents to 37 cents per
share.
    * Revenue rose 6% to $44.01 million from a year ago;
analysts
expected $43.55 million. 
    * Shore Bancshares Inc's reported EPS for the quarter was 40
cents​.
    * The company reported quarterly net income of $13.28
million.
    * Shore Bancshares Inc shares had fallen by 0.8% 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 "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
 "hold."

Wall Street's median 12-month price target for Shore Bancshares
Inc is $19.00 
This summary was machine generated from LSEG data January 30 at
10:55 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      0.36           0.40           Beat
 Sep. 30 2024      0.36           0.34           Missed
 Jun. 30 2024      0.33           0.34           Beat
 Mar. 31 2024      0.32           0.25           Missed