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

Northwest Bancshares

23/10/2023 14:23

* Northwest Bancshares Inc  NWBI.OQ  reported quarterly
adjusted
earnings of 31 cents​​ per share for the quarter ended in
September. The mean expectation of six analysts for the quarter
was for earnings of 24 cents per share.
    * Revenue fell 3.9% to $108.37 million from a year ago;
analysts
expected $111.12 million. 
    * Northwest Bancshares Inc's reported EPS for the quarter
was 31
cents​.
    * The mean earnings estimate of analysts had risen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Northwest Bancshares Inc shares had fallen by 4.1% this
quarter and lost 29.8% so far this year.
    * The company reported quarterly net income of $39.22
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
October 23 at 01:23 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.24           0.31           Beat
 Jun. 30 2023      0.26           0.26           Met
 Mar. 31 2023      0.26           0.26           Met
 Dec. 31 2022      0.31           0.27           Missed