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

Wesbanco

26/07/2024 13:54

* WesBanco Inc  WSBC.OQ  reported quarterly adjusted
earnings of
44 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 71
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 53 cents per share. Wall Street expected
results to range from 48 cents to 56 cents per share.
    * Revenue fell 4.1% to $117.80 million from a year ago;
analysts
expected $126.11 million. 
    * WesBanco Inc's reported EPS for the quarter was 49 cents​.
    * The company reported quarterly net income of $29.37
million.
    * WesBanco Inc shares had risen by 22.8% this quarter and
gained 9.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
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 3 "strong buy" or "buy," 4
"hold" and no "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 WesBanco Inc is
$32.00 
This summary was machine generated from LSEG data July 26 at
12:54 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
 Jun. 30 2024      0.53           0.44           Missed
 Mar. 31 2024      0.55           0.56           Beat
 Dec. 31 2023      0.56           0.55           Missed
 Sep. 30 2023      0.59           0.59           Met