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Market Overview

Earnings Preview for Sandy Spring Bancorp


On Thursday, January 21, Sandy Spring Bancorp (NASDAQ:SASR) will release its latest earnings report. Decipher the announcement with Benzinga's help.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Based on Sandy Spring Bancorp management projections, analysts predict EPS of $0.93 on revenue of $105.87 million. Sandy Spring Bancorp reported a per-share profit of $0.8 when it published results during the same quarter last year. Sales in that period totaled $65.58 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

The Wall Street consensus estimate for earnings would represent a 16.25% increase for the company. Revenue would be up 61.43% on a year-over-year basis. Here is how the Sandy Spring Bancorp's reported EPS has stacked up against analyst estimates in the past:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020
EPS Estimate 0.71 0.06 0.65 0.79
EPS Actual 0.97 0.88 0.28 0.80
Revenue Estimate 99.21 M 98.43 M 67.30 M 67.90 M
Revenue Actual 97.48 M 101.51 M 64.33 M 65.58 M

Stock Performance

Shares of Sandy Spring Bancorp were trading at $35.5 as of January 19. Over the last 52-week period, shares are down 2.98%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Sandy Spring Bancorp is scheduled to hold the call at 17:00:00 ET and can be accessed here.


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Posted-In: BZI-EPEarnings