WesBanco Inc reports results for the quarter ended in September 30 - Earnings Summary

Wesbanco

24/10/2024 04:21

* WesBanco Inc  WSBC.OQ  reported quarterly adjusted
earnings of
54 cents​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of 59 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 51 cents per share. Wall Street
expected results to range from 47 cents to 53 cents per share.
    * Revenue fell 5.5% to $112.34 million from a year ago;
analysts
expected $120.74 million. 
    * WesBanco Inc's reported EPS for the quarter was 54 cents​.
    * The company reported quarterly net income of $34.74
million.
    * WesBanco Inc shares had risen by 3.6% this quarter and
lost 1.6%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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
$34.00 
This summary was machine generated from LSEG data October 24 at
03:21 a.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
 Sep. 30 2024      0.51           0.54           Beat
 Jun. 30 2024      0.53           0.49           Missed
 Mar. 31 2024      0.55           0.56           Beat
 Dec. 31 2023      0.56           0.55           Missed