Eastern Bankshares Inc reports results for the quarter ended December 31 - Earnings Summary

Eastern Bankshares

23/01/2025 22:43

* Eastern Bankshares Inc  EBC.OQ  reported quarterly
adjusted
earnings of 34 cents​​ per share for the quarter ended December
31, higher than the same quarter last year, when the company
reported EPS of 10 cents.  The mean expectation of four analysts
for the quarter was for earnings of 30 cents per share. Wall
Street expected results to range from 28 cents to 33 cents per
share.
    * Revenue rose 34.4% to $179.19 million from a year ago;
analysts
expected $176.58 million. 
    * Eastern Bankshares Inc's reported EPS for the quarter was
30
cents​.
    * The company reported quarterly net income of $60.77
million.
    * Eastern Bankshares Inc shares had risen by 1.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Eastern
Bankshares Inc is $20.00 
This summary was machine generated from LSEG data January 23 at
10:43 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.30           0.34           Beat
 Sep. 30 2024      0.33           0.25           Missed
 Jun. 30 2024      0.22           0.22           Met
 Mar. 31 2024      0.20           0.23           Beat