Salisbury Bancorp (SAL) got here out with quarterly earnings of $1.53 per share, beating the Zacks
Salisbury Bancorp (SAL) got here out with quarterly earnings of $1.53 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $1.05 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 75.86%. 1 / 4 in the past, it was anticipated that this financial institution holding firm would publish earnings of $0.47 per share when it truly produced earnings of $0.96, delivering a shock of 104.26%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates 3 times.
Salisbury Bancorp, which belongs to the Zacks Banks – Northeast trade, posted revenues of $13.21 million for the quarter ended September 2020, surpassing the Zacks Consensus Estimate by 11.02%. This compares to year-ago revenues of $10.29 million. The corporate has topped consensus income estimates 3 times over the past 4 quarters.
The sustainability of the inventory’s instant value motion primarily based on the recently-released numbers and future earnings expectations will largely rely on administration’s commentary on the earnings name.
Salisbury Bancorp shares have misplaced about 24.5% because the starting of the yr versus the S&P 500’s acquire of two.5%.
What’s Subsequent for Salisbury Bancorp?
Whereas Salisbury Bancorp has underperformed the market thus far this yr, the query that involves traders’ minds is: what’s subsequent for the inventory?
There aren’t any straightforward solutions to this key query, however one dependable measure that may assist traders handle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified these days.
Empirical analysis exhibits a robust correlation between near-term inventory actions and tendencies in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested ranking instrument just like the Zacks Rank, which has a formidable monitor file of harnessing the ability of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions pattern for Salisbury Bancorp was blended. Whereas the magnitude and course of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in keeping with the market within the close to future. You may see the entire checklist of in the present day’s Zacks #1 Rank (Sturdy Purchase) shares right here.
It will likely be attention-grabbing to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $0.93 on $11.90 million in revenues for the approaching quarter and $3.45 on $46.50 million in revenues for the present fiscal yr.
Buyers ought to be aware of the truth that the outlook for the trade can have a fabric impression on the efficiency of the inventory as effectively. When it comes to the Zacks Business Rank, Banks – Northeast is at present within the high 22% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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Salisbury Bancorp, Inc. (SAL): Free Inventory Evaluation Report
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