Earnings Preview: Sandy Spring Bancorp
Portfolio Pulse from Benzinga Insights
Sandy Spring Bancorp (NASDAQ:SASR) is scheduled to release its quarterly earnings report on January 23, 2024. Analysts predict an EPS of $0.52. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, the company's stock price has been affected more by guidance than by earnings beats or misses. In the previous quarter, SASR beat the EPS estimate by $0.06 but saw a 1.11% decline in share price the following day. Over the last year, SASR shares have decreased by 24.13%, indicating potential dissatisfaction among long-term shareholders.
January 22, 2024 | 5:00 pm
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Sandy Spring Bancorp is anticipated to report an EPS of $0.52 for the upcoming quarter. Investors are focused on earnings performance and future guidance. The stock has declined by 24.13% over the past year, and past earnings have resulted in mixed stock price reactions.
The short-term impact on SASR's stock price will likely hinge on whether the company beats the EPS estimate and provides positive guidance. Historical data shows mixed reactions to past earnings, making it challenging to predict the exact direction of the stock movement. The recent downward trend in stock price may temper investor expectations, but a positive surprise could still lead to a short-term uplift.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100