Sandy Spring Bancorp (NASDAQ:SASR) will report earnings before markets open on Thursday, July 18th. Sandy Spring Bancorp, Inc. is the holding company for Sandy Spring Bank. The Bank conducts a full-service commercial banking business through a network of offices located in Montgomery, Howard, Prince George’s, Anne Arundel, and Frederick counties in Maryland. The Company also operates Sandy Spring Insurance Company and The Equipment Leasing Company.
Here is your Cheat Sheet to Sandy Spring Bancorp Earnings:
Earnings Expectations: Analysts expect earnings of $0.39 per share on revenues of $32.40 million. Currently, the company’s P/E ratio stands at 15.08.
Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.37 to a profit $0.4. For the current year, the average estimate is a profit of $1.61, which is better than the estimate ninety days ago.
Here’s how Sandy Spring Bancorp has been performing on an annual basis:
|Revenue ($) in millions||215||200||194||183||191|
|Diluted EPS ($)||0.94||-1.20||0.78||1.42||1.48|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||47.05||49.74||48.45||48.70|
|Diluted EPS ($)||0.30||0.44||0.40||0.42|
Sandy Spring Bancorp has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)