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

Eastern Bankshares

27/10/2022 22:40

* Eastern Bankshares Inc  EBC.OQ  reported quarterly
adjusted
earnings of 33 cents​​ per share for the quarter ended in
September. The mean expectation of four analysts for the quarter
was for earnings of 37 cents per share.
    * Revenue rose 48.2% to $152.18 million from a year ago;
analysts
expected $150.10 million. 
    * Eastern Bankshares Inc's reported EPS for the quarter was
33
cents​.
    * The mean earnings estimate of analysts had risen by
about 17.8%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Eastern Bankshares Inc shares had risen by 7.6% this
quarter and
gained 4.8% so far this year.
    * The company reported quarterly net income of $54.78
million.
    * Wall Street's median 12-month price target for Eastern
Bankshares Inc is $24.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
27 at 09:40 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.37           0.33           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