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

Northwest Bancshares

22/04/2024 14:39

* Northwest Bancshares Inc  NWBI.OQ  reported quarterly
adjusted
earnings of 23 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 26 cents.  The mean expectation of six analysts for the
quarter was for earnings of 23 cents per share. Wall Street
expected results to range from 21 cents to 24 cents per share.
    * Revenue fell 8.2% to $103.24 million from a year ago;
analysts
expected $109.59 million. 
    * Northwest Bancshares Inc's reported EPS for the quarter
was 23
cents​.
    * The company reported quarterly net income of $29.16
million.
    * Northwest Bancshares Inc shares had fallen by 4.5% this
quarter and lost 10.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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," 5
"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 $12.50 
This summary was machine generated from LSEG data April 22 at
01:39 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
 Mar. 31 2024      0.23           0.23           Met
 Dec. 31 2023      0.24           0.23           Missed
 Sep. 30 2023      0.24           0.31           Beat
 Jun. 30 2023      0.26           0.26           Met