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

Shore Bancshares

27/10/2022 22:11

* Shore Bancshares Inc  SHBI.OQ  reported quarterly adjusted
earnings of 49 cents​​ per share for the quarter ended in
September. The mean expectation of two analysts for the quarter
was for earnings of 46 cents per share.
    * Revenue rose 75.2% to $27.32 million from a year ago;
analysts
expected $26.35 million. 
    * Shore Bancshares Inc's reported EPS for the quarter was 49
cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.2%
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 7.0% this
quarter and
lost 11.1% so far this year.
    * The company reported quarterly net income of $9.66
million.
    * Wall Street's median 12-month price target for Shore
Bancshares
Inc is $22.00 
    * 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." 

This summary was machine generated from Refinitiv data October
27 at 09:11 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.46           0.49           Beat
 Jun. 30 2022      0.42           0.40           Missed
 Mar. 31 2022      0.34           0.33           Missed
 Dec. 31 2021      0.37           0.51           Beat