Sandy Spring Bancorp (SASR) Q4 Earnings Lag Estimates

Company Performance - Sandy Spring Bancorp reported quarterly earnings of $0.47 per share, missing the Zacks Consensus Estimate of $0.48 per share, and down from $0.60 per share a year ago, representing an earnings surprise of -2.08% [1] - The company posted revenues of $107.73 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 2.41%, compared to year-ago revenues of $98.26 million [2] - Over the last four quarters, Sandy Spring Bancorp has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Market Outlook - The stock has added about 0.1% since the beginning of the year, underperforming the S&P 500's gain of 2.2% [3] - The current consensus EPS estimate for the coming quarter is $0.54 on revenues of $108.5 million, and for the current fiscal year, it is $2.51 on revenues of $461.1 million [7] - The estimate revisions trend for Sandy Spring Bancorp is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Zacks Industry Rank for Banks - Northeast is currently in the top 9% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8] - Another company in the same industry, Peapack-Gladstone, is expected to report revenues of $60.2 million, reflecting a 10.9% increase from the year-ago quarter [9]