Lakeland Bancorp Earnings Preview
Portfolio Pulse from Benzinga Insights
Lakeland Bancorp (NASDAQ:LBAI) is scheduled to release its quarterly earnings report on January 25, 2024. Analysts predict an EPS of $0.32. Investors will be looking for an earnings beat and positive guidance for future growth. Historically, LBAI's stock price has been sensitive to earnings performance and guidance. Last quarter, LBAI met the EPS estimate, resulting in a 1.48% share price drop the following day. Over the past year, LBAI shares have declined by 22.37%.
January 24, 2024 | 7:01 pm
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NEUTRAL IMPACT
Lakeland Bancorp is expected to report an EPS of $0.32 for the upcoming quarter. Investors will focus on whether the company beats this estimate and on the guidance provided for future quarters. Historical data shows that LBAI's stock price reacts to earnings performance and guidance.
The short-term impact on LBAI's stock price will likely depend on whether the company meets or exceeds the EPS estimate and the nature of the guidance provided. Given the historical sensitivity of the stock to earnings reports and guidance, the impact could be significant. However, the score is neutral (0) because the direction of the impact will depend on the actual results and guidance, which are unknown at this time.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100