Eastern Bankshares Inc expected to post earnings of 33 cents a share - Earnings Preview

Eastern Bankshares

23/10/2024 04:54

* Eastern Bankshares Inc  EBC.OQ   EBC.O  is expected
to show a
rise in quarterly revenue when it reports  results on October 24
for the period ending September 30 2024
    * The Boston Massachusetts-based  company is expected to
report a
32.9% increase in revenue to $182.279 million from $137.21
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data. (SAL represents net interest
income)
    * ​LSEG's mean analyst estimate for Eastern Bankshares Inc
is for
earnings of 33 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 19.50​, above​ its last closing price
of $16.60. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.21        0.22       0.22      Met     0.7
 Mar. 31 2024  0.20        0.20       0.23      Beat    15
 Dec. 31 2023  0.20        0.20       0.10      Missed  -50.3​
 Jan. 1 0001   0.28        0.28       0.32      Beat    14.8
 ​​Jun.        0.30        0.30       0.28      Missed  -5.3
 30 2023                                                
 Jan. 1 0001   0.30        0.32       0.38      Beat    18.9​
 Dec. 31 2022  0.35        0.34       0.31      Missed  -9.4
 Jan. 1 0001   0.37        0.37       0.33      Missed  -10.3
 This summary was machine generated October 23 at 03:54 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)