Eastern Bankshares Inc reports results for the quarter ended in June - Earnings Summary

Eastern Bankshares

28/07/2022 23:35

* Eastern Bankshares Inc  EBC.OQ  reported quarterly
adjusted
earnings of 32 cents​​ per share for the quarter ended in June.
The mean expectation of five analysts for the quarter was
for earnings of 29 cents per share.
    * Revenue rose 31.7% to $137.76 million from a year ago;
analysts
expected $131.89 million. 
    * Eastern Bankshares Inc's reported EPS for the quarter was
31
cents​.
    * The mean earnings estimate of analysts had risen by
about 4.2%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Eastern Bankshares Inc shares had risen by 7.9% this
quarter and
lost 1.2% so far this year.
    * The company reported quarterly net income of $51.17
million.
    * Wall Street's median 12-month price target for Eastern
Bankshares Inc is $23.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data July 28
at 10:35 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.29           0.32           Beat
 Mar. 31 2022      0.27           0.32           Beat
 Dec. 31 2021      0.24           0.26           Beat
 Sep. 30 2021      0.21           0.22           Beat