Northwest Bancshares Inc reports results for the quarter ended in June - Earnings Summary

Northwest Bancshares

24/07/2023 14:28

* Northwest Bancshares Inc  NWBI.OQ  reported quarterly
adjusted
earnings of 26 cents​​ per share for the quarter ended in June.
The mean expectation of six analysts for the quarter was
for earnings of 26 cents per share.
    * Revenue rose 8.3% to $108.55 million from a year ago;
analysts
expected $110.58 million. 
    * Northwest Bancshares Inc's reported EPS for the quarter
was 26
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Northwest Bancshares Inc shares had risen by 10.5% this
quarter and lost 16.2% so far this year.
    * The company reported quarterly net income of $33.04
million.
    * Wall Street's median 12-month price target for Northwest
Bancshares Inc is $11.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
24 at 01:27 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.26           0.26           Met
 Mar. 31 2023      0.26           0.26           Met
 Dec. 31 2022      0.31           0.27           Missed
 Sep. 30 2022      0.29           0.29           Met