Northwest Bancshares Inc expected to post earnings of 24 cents a share - Earnings Preview

Northwest Bancshares

19/01/2024 11:01

* Northwest Bancshares Inc  NWBI.OQ   NWBI.O  is expected
to show
a fall in quarterly revenue when it reports  results on January
22 (estimated) for the period ending December 31 2023
    * The Columbus Ohio-based  company is expected to report a
9.3% decrease in revenue to $106.159 million from $117.04
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data. (Sales is on Net interest income
basis)
    * ​LSEG's mean analyst estimate for Northwest Bancshares Inc
is
for earnings of 24 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Northwest
Bancshares Inc is $12.00​, above​ its last closing price
of $11.88. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.24        0.24       0.31      Beat    27.4
 Jun. 30 2023  0.26        0.26       0.26      Met     -0.6
 Mar. 31 2023  0.26        0.26       0.26      Met     -1.3​
 Dec. 31 2022  0.31        0.31       0.27      Missed  -13.8
 ​​Sep.        0.29        0.29       0.29      Met     0.6
 30 2022                                                
 Jun. 30 2022  0.22        0.22       0.26      Beat    18.2​
 Mar. 31 2022  0.20        0.20       0.22      Beat    10.6
 Dec. 31 2021  0.22        0.22       0.24      Beat    10.9
 This summary was machine generated January 19 at 11:01 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)