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

Eastern Bankshares

28/07/2023 04:02

* Eastern Bankshares Inc  EBC.OQ  reported quarterly
adjusted
earnings of 30 cents​​ per share for the quarter ended in June.
The mean expectation of four analysts for the quarter was
for earnings of 30 cents per share.
    * Revenue rose 41.3% to $194.59 million from a year ago;
analysts
expected $140.05 million. 
    * Eastern Bankshares Inc's reported EPS for the quarter was
30
cents​.
    * The mean earnings estimate of analysts had risen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Eastern Bankshares Inc shares had risen by 17.2% this
quarter and lost 16.6% so far this year.
    * The company reported quarterly net income of $48.66
million.
    * Wall Street's median 12-month price target for Eastern
Bankshares Inc is $14.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
28 at 03:01 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.30           0.30           Met
 Mar. 31 2023      0.32           0.38           Beat
 Dec. 31 2022      0.34           0.31           Missed
 Sep. 30 2022      0.37           0.33           Missed