Eastern Bankshares Inc expected to post earnings of 28  cents a share - Earnings Preview

Eastern Bankshares

25/10/2023 03:03

* Eastern Bankshares Inc  EBC.OQ   EBC.O  is expected
to show a
fall in quarterly revenue when it reports  results 
    * The Boston Massachusetts-based  company is expected to
report  a
7.8% decrease in revenue to $140.327 million from $152.18
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Eastern Bankshares
Inc is
for earnings of 28 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​, above​ its last closing price of $11.36.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  0.37        0.37       0.33      Missed  -10.3
 ​​Jun.        0.29        0.29       0.32      Beat    11.1
 30 2022                                                
 Mar. 31 2022  0.28        0.27       0.32      Beat    17.3​
 Dec. 31 2021  0.24        0.24       0.26      Beat    8.7
 Sep. 30 2021  0.20        0.21       0.22      Beat    5.5
 This summary was machine generated October 25 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated