Sandy Spring Bancorp Inc (SASR) Q3 2024 Earnings Report Preview: What To Look For
Sandy Spring Bancorp Inc (NASDAQ:SASR) is set to release its Q3 2024 earnings on Oct 21, 2024. The consensus estimate for Q3 2024 revenue is $88.49 million, and the earnings are expected to come in at $0.46 per share. The full year 2024's revenue is expected to be $350.44 million and the earnings are expected to be $1.90 per share. More detailed estimate data can be found on the Forecast page.
Sandy Spring Bancorp Inc (NASDAQ:SASR) Estimates Trends
Over the past 90 days, revenue estimates for Sandy Spring Bancorp Inc (NASDAQ:SASR) for the full year 2024 have increased from $336.88 million to $350.44 million, and for 2025, estimates have risen from $402.27 million to $412.69 million. Earnings estimates for the full year 2024 have increased from $1.89 per share to $1.90 per share, while for 2025, they have declined from $2.66 per share to $2.59 per share.
Sandy Spring Bancorp Inc (NASDAQ:SASR) Reported History
In the previous quarter of 2024-06-30, Sandy Spring Bancorp Inc's (NASDAQ:SASR) actual revenue was $80.29 million, which missed analysts' revenue expectations of $81.87 million by -1.93%. Sandy Spring Bancorp Inc's (NASDAQ:SASR) actual earnings were $0.51 per share, which beat analysts' earnings expectations of $0.43 per share by 17.78%. After releasing the results, Sandy Spring Bancorp Inc (NASDAQ:SASR) was up by 4.25% in one day.
Sandy Spring Bancorp Inc (NASDAQ:SASR) 12 Month Price Targets
Based on the one-year price targets offered by 4 analysts, the average target price for Sandy Spring Bancorp Inc (NASDAQ:SASR) is $31.75 with a high estimate of $33 and a low estimate of $29. The average target implies a downside of -4.11% from the current price of $33.11.
Based on GuruFocus estimates, the estimated GF Value for Sandy Spring Bancorp Inc (NASDAQ:SASR) in one year is $27.52, suggesting a downside of -16.88% from the current price of $33.11.
Based on the consensus recommendation from 4 brokerage firms, Sandy Spring Bancorp Inc's (NASDAQ:SASR) average brokerage recommendation is currently 3.0, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.