Sandy Spring Bancorp SASR is expected to release its latest quarterly earnings report on Thursday 2022-07-21. Here’s what investors need to know ahead of the announcement.
Analysts estimate that Sandy Spring Bancorp will report a earnings per share (EPS) of $0.94.
Sandy Spring Bancorp bulls are hoping to hear the company announce that it not only exceeded that estimate, but also provide some positive indications or expected growth for the next quarter.
New investors should note that sometimes it’s not an earnings beat or miss that most affects a stock’s price, but direction (or forecast).
Past Earnings Performance
Last quarter, the company beat EPS by $0.04, followed by a 4.24% decline in share price the next day.
Here is an overview of Sandy Spring Bancorp’s past performance and the resulting price movement:
| Trimester | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS estimate | 0.95 | 1.09 | 1.1 | 1.20 |
| Actual EPS | 0.99 | 1.05 | 1.1 | 1.16 |
| Price change % | -4.24% | 0.38% | 1.33% | 0.87% |
| Trimester | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS estimate | 0.95 | 1.09 | 1.1 | 1.20 |
| Actual EPS | 0.99 | 1.05 | 1.1 | 1.16 |
| Price change % | -4.24% | 0.38% | 1.33% | 0.87% |
Stock performance
Shares of Sandy Spring Bancorp were trading at $39.46 as of July 19. Over the past 52 weeks, shares are down 0.87%. Since these returns are typically negative, long-term shareholders are likely unhappy to approach this earnings release.
To follow all of the results releases for Sandy Spring Bancorp, visit their results calendar on our site.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.