Eastern Bankshares Inc expected to post earnings of 20 cents a share - Earnings Preview

Eastern Bankshares

23/01/2024 21:47

* Eastern Bankshares Inc  EBC.OQ   EBC.O  is expected
to show a
fall in quarterly revenue when it reports  results on January 25
for the period ending December 31 2023
    * The Boston Massachusetts-based  company is expected to
report a
13.5% decrease in revenue to $129.711 million from $149.99
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data. (SAL Represents Net Interest
Income)
    * ​LSEG's mean analyst estimate for Eastern Bankshares Inc
is for
earnings of 20 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Eastern
Bankshares Inc is $16.00​, above​ its last closing price
of $14.23. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.28        0.28       0.32      Beat    14.8
 Jun. 30 2023  0.30        0.30       0.28      Missed  -5.3
 Mar. 31 2023  0.30        0.32       0.38      Beat    18.9​
 Dec. 31 2022  0.35        0.34       0.31      Missed  -9.4
 ​​Sep.        0.37        0.37       0.33      Missed  -10.3
 30 2022                                                
 Jun. 30 2022  0.29        0.29       0.32      Beat    11.1​
 Mar. 31 2022  0.28        0.27       0.32      Beat    17.3
 Dec. 31 2021  0.24        0.24       0.26      Beat    8.7
 This summary was machine generated January 23 at 21:45 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)