WesBanco Inc WSBC.OQ reported quarterly adjusted earnings of 91 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 49 cents. The mean expectation of seven analysts for the quarter was for earnings of 86 cents per share. Wall Street expected results to range from 80 cents to 90 cents per share.
Revenue rose 85% to $218.00 million from a year ago; analysts expected $216.11 million.
WesBanco Inc's reported EPS for the quarter was 57 cents.
The company reported quarterly net income of $54.88 million.
WesBanco Inc shares had risen by 1.8% this quarter and lost 1.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 1.5% 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 "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"
Wall Street's median 12-month price target for WesBanco Inc is $38.00, about 15.3% above its last closing price of $32.19
This summary was machine generated from LSEG data July 29 at 09:01 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)