Sandy Spring Bancorp Q3 Adj. EPS $0.62 Beats $0.56 Estimate, Sales $85.08M Miss $88.05M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sandy Spring Bancorp reported Q3 adjusted earnings of $0.62 per share, beating the analyst consensus estimate of $0.56 by 10.71%. However, the company's quarterly sales of $85.08 million missed the analyst consensus estimate of $88.05 million by 3.37%. This represents a 22.5% decrease in earnings and a 24.68% decrease in sales compared to the same period last year.
October 24, 2023 | 11:07 am
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Sandy Spring Bancorp's Q3 earnings beat estimates but sales missed, marking a decrease in both earnings and sales compared to the same period last year.
While Sandy Spring Bancorp beat earnings estimates, the miss on sales and the overall decrease in both earnings and sales compared to the same period last year could lead to mixed reactions in the market, potentially keeping the stock price stable in the short term.
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