Northwest Bancshares Inc reports results for the quarter ended December 31 - Earnings Summary

Northwest Bancshares

24/01/2025 14:32

* Northwest Bancshares Inc  NWBI.OQ  reported quarterly
adjusted
earnings of 27 cents​​ per share for the quarter ended December
31, higher than the same quarter last year, when the company
reported EPS of 23 cents.  The mean expectation of six analysts
for the quarter was for earnings of 25 cents per share. Wall
Street expected results to range from 25 cents to 26 cents per
share.
    * Revenue rose 7.4% to $114.20 million from a year ago;
analysts
expected $112.22 million. 
    * Northwest Bancshares Inc's reported EPS for the quarter
was 26
cents​.
    * The company reported quarterly net income of $32.75
million.
    * Northwest Bancshares Inc shares had fallen by 0.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Northwest
Bancshares Inc is $14.25 
This summary was machine generated from LSEG data January 24 at
02:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.25           0.27           Beat
 Sep. 30 2024      0.26           0.26           Met
 Jun. 30 2024      0.22           0.27           Beat
 Mar. 31 2024      0.23           0.24           Beat