Amalgamated Financial (AMAL) ZACKS·2024-10-24 12:35Company Performance - Amalgamated Financial reported quarterly earnings of $0.91 per share, exceeding the Zacks Consensus Estimate of $0.83 per share, and up from $0.76 per share a year ago, representing an earnings surprise of 9.64% [1] - The company achieved revenues of $81.05 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.95%, compared to $70.51 million in the same quarter last year [1] - Over the last four quarters, Amalgamated Financial has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [1] Stock Performance - Amalgamated Financial shares have increased approximately 26.1% since the beginning of the year, outperforming the S&P 500's gain of 21.5% [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.81 on revenues of $78.8 million, and for the current fiscal year, it is $3.33 on revenues of $312.3 million [4] - The estimate revisions trend for Amalgamated Financial is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [4] Industry Context - The Financial - SBIC & Commercial Industry, to which Amalgamated Financial belongs, is currently ranked in the bottom 13% of over 250 Zacks industries, suggesting potential challenges ahead [5] - Another company in the same industry, Fidus Investment, is expected to report quarterly earnings of $0.57 per share, reflecting a year-over-year decline of 16.2% [5]