Sandy Spring Bancorp Q2 2024 Adj EPS $0.54 Beats $0.43 Estimate, Sales $80.285M Miss $81.867M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sandy Spring Bancorp (NASDAQ:SASR) reported Q2 2024 adjusted EPS of $0.54, beating the $0.43 estimate, but sales of $80.285M missed the $81.867M estimate. EPS decreased by 10% YoY, and sales decreased by 11.26% YoY.
July 23, 2024 | 11:04 am
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Sandy Spring Bancorp reported Q2 2024 EPS of $0.54, beating estimates by 25.58%, but sales of $80.285M missed estimates by 1.93%. EPS and sales both decreased YoY.
While the EPS beat estimates significantly, the YoY decrease in both EPS and sales, along with the sales miss, creates a mixed outlook. Investors may react neutrally in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100