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

Eastern Bankshares

27/04/2023 23:34

* Eastern Bankshares Inc  EBC.OQ  reported quarterly
adjusted
earnings of 38 cents​​ per share for the quarter ended in March.
The mean expectation of four analysts for the quarter was
for earnings of 32 cents per share.
    * Revenue rose 7.9% to $138.31 million from a year ago;
analysts
expected $143.53 million. 
    * Eastern Bankshares Inc's reported EPS for the quarter was
a loss
of $1.20​.
    * The mean earnings estimate of analysts had fallen by
about 22.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Eastern Bankshares Inc shares had fallen by 12.6% this
quarter and lost 36.1% so far this year.
    * The company reported a quarterly loss of $194.1 million.
    * Wall Street's median 12-month price target for Eastern
Bankshares Inc is $17.00 
    * 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
April 27 at 10:34 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.32           0.38           Beat
 Dec. 31 2022      0.34           0.31           Missed
 Sep. 30 2022      0.37           0.33           Missed
 Jun. 30 2022      0.29           0.32           Beat