Shore Bancshares Inc reports results for the quarter ended in June - Earnings Summary

Shore Bancshares

28/07/2022 23:18

* Shore Bancshares Inc  SHBI.OQ  reported quarterly adjusted
earnings of 40 cents​​ per share for the quarter ended in June.
The lone analyst forecast for the quarter was for earnings of 42
cents per share.
    * Revenue rose 74.6% to $24.62 million from a year ago;
analysts
expected $24.26 million. 
    * Shore Bancshares Inc's reported EPS for the quarter was 38
cents​.
    * The mean earnings estimate of analysts had risen by
about 1.2%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Shore Bancshares Inc shares had risen by 5.1% this
quarter and
lost 6.7% so far this year.
    * The company reported quarterly net income of $7.5 million.
    * Wall Street's median 12-month price target for Shore
Bancshares
Inc is $23.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data July 28
at 10:17 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.42           0.40           Missed
 Mar. 31 2022      0.34           0.33           Missed
 Dec. 31 2021      0.37           0.51           Beat
 Sep. 30 2021      0.40           0.43           Beat