Amalgamated Financial (AMAL) Meets Q1 Earnings Estimates

Financial Performance - Amalgamated Financial reported quarterly earnings of $0.88 per share, matching the Zacks Consensus Estimate, and an increase from $0.83 per share a year ago [1] - The company posted revenues of $76.98 million for the quarter, missing the Zacks Consensus Estimate by 5.46%, and down from $78.27 million year-over-year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - Amalgamated Financial shares have declined approximately 16% since the beginning of the year, compared to a decline of 8.6% for the S&P 500 [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.91 on revenues of $82.63 million, and for the current fiscal year, it is $3.65 on revenues of $331.73 million [7] - The outlook for the Financial - SBIC & Commercial Industry, to which Amalgamated Financial belongs, is currently in the bottom 44% of Zacks industries, which may impact stock performance [8]