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

Eastern Bankshares

26/10/2023 23:26

* Eastern Bankshares Inc  EBC.OQ  reported quarterly
adjusted
earnings of 32 cents​​ per share for the quarter ended in
September. The mean expectation of five analysts for the quarter
was for earnings of 28 cents per share.
    * Revenue fell 9.8% to $137.21 million from a year ago;
analysts
expected $140.33 million. 
    * Eastern Bankshares Inc's reported EPS for the quarter was
36
cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.3%
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 8.1% this
quarter and lost 33.2% so far this year.
    * The company reported quarterly net income of $59.11
million.
    * Wall Street's median 12-month price target for Eastern
Bankshares Inc is $16.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 26 at 10:25 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.28           0.32           Beat
 Jun. 30 2023      0.30           0.28           Missed
 Mar. 31 2023      0.32           0.38           Beat
 Dec. 31 2022      0.34           0.31           Missed