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

Eastern Bankshares

29/04/2022 10:46

* Eastern Bankshares Inc  EBC.OQ  reported quarterly
adjusted
earnings of 32 cents​​ per share for the quarter ended in March.
The mean expectation of five analysts for the quarter was
for earnings of 27 cents per share.
    * Revenue rose 28% to $128.12 million from a year ago; 
analysts
expected $129.17 million. 
    * Eastern Bankshares Inc's reported EPS for the quarter was
30
cents​.
    * The mean earnings estimate of analysts had risen by
about 5.9%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Eastern Bankshares Inc shares had fallen by 8.5% this
quarter and lost 2.3% so far this year.
    * The company reported quarterly net income of $51.52
million.
    * Wall Street's median 12-month price target for Eastern
Bankshares Inc is $25.00 
    * 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 April 29 at 09:46 a.m.  ​All
figures in US dollars unless otherwise stated