Sandy Spring Bancorp Q4 Adj EPS $0.60 Beats $0.52 Estimate, Sales $81.70M Miss $83.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sandy Spring Bancorp (NASDAQ:SASR) reported Q4 adjusted EPS of $0.60, surpassing the $0.52 estimate by 15.38%, but saw a 24.05% decrease from last year's $0.79. Sales were $81.70M, missing the $83.53M estimate by 2.20% and down 23.39% from $106.64M a year ago.
January 23, 2024 | 12:01 pm
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Sandy Spring Bancorp reported a mixed Q4 with an EPS beat but a miss on sales, indicating potential challenges in revenue generation.
While the EPS beat might be seen as a positive, the miss on sales and the significant year-over-year decline in both earnings and sales could raise concerns about the company's growth trajectory and profitability, potentially leading to a neutral short-term impact on the stock price.
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