Eastern Bankshares Inc expected to post earnings of 21 cents a share - Earnings Preview

Eastern Bankshares

23/07/2024 21:34

* Eastern Bankshares Inc  EBC.OQ   EBC.O  is expected
to show a
fall in quarterly revenue when it reports  results on July 25
for the period ending June 30 2024
    * The Boston Massachusetts-based  company is expected to
report a
6.0% decrease in revenue to $133.13 million from $141.59 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 21 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 $16.50​, above​ its last closing price
of $16.27. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.20        0.20       0.23      Beat    15
 Dec. 31 2024  0.20        0.20       0.10      Missed  -50.3
 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.        0.30        0.32       0.38      Beat    18.9
 31 2023                                                
 Dec. 31 2022  0.35        0.34       0.31      Missed  -9.4​
 Sep. 30 2022  0.37        0.37       0.33      Missed  -10.3
 Jun. 30 2022  0.29        0.29       0.32      Beat    11.1
 This summary was machine generated July 23 at 20:34 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)