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

Wesbanco

23/04/2024 22:55

* WesBanco Inc  WSBC.OQ  reported quarterly adjusted
earnings of
56 cents​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of 71
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 55 cents per share. Wall Street expected
results to range from 52 cents to 58 cents per share.
    * Revenue fell 8.3% to $115.19 million from a year ago;
analysts
expected $116.83 million. 
    * WesBanco Inc's reported EPS for the quarter was 56 cents​.
    * The company reported quarterly net income of $33.16
million.
    * WesBanco Inc shares had fallen by 4.2% this quarter and
lost 9.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"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
$31.50 
This summary was machine generated from LSEG data April 23 at
09:55 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      0.55           0.56           Beat
 Dec. 31 2023      0.56           0.55           Missed
 Sep. 30 2023      0.59           0.59           Met
 Jun. 30 2023      0.67           0.71           Beat