Sandy Spring Bancorp Q1 2024 Adj EPS $0.49 Beats $0.45 Estimate, Sales $79.343M Miss $81.060M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sandy Spring Bancorp (SASR) reported Q1 2024 earnings of $0.49 per share, surpassing the $0.45 estimate, but missed sales estimates with $79.343M against the expected $81.060M, marking an 18.46% decrease from the previous year.
April 23, 2024 | 11:12 am
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Sandy Spring Bancorp reported higher-than-expected Q1 2024 earnings per share but missed on sales forecasts, with a significant year-on-year sales decrease.
While SASR's earnings per share exceeded expectations, the miss on sales forecasts and the notable decrease in sales compared to the previous year could lead to mixed reactions in the short term. Investors might appreciate the earnings beat but be concerned about the sales performance and its implications for future growth.
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