Western New England Bancorp Inc expected to post earnings of 10 cents a share - Earnings Preview

Western New England Bancorp

23/10/2024 14:26

* Western New England Bancorp Inc  WNEB.OQ   WNEB.O  is
expected
to show a fall in quarterly revenue when it reports  results on
October 25 (estimated) for the period ending September 30 2024
    * The Westfield Massachusetts-based  company is expected to
report
a 10.3% decrease in revenue to $14.7 million from $16.38 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data. (SAL represents Net Interest Income)
    * ​LSEG's mean analyst estimate for Western New England
Bancorp
Inc is for earnings of 10 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Western New
England Bancorp Inc is 9.00​, above​ its last closing price
of $8.62. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.11        0.11       0.17      Beat    50
 Mar. 31 2024  0.12        0.12       0.14      Beat    16.7
 Dec. 31 2023  0.15        0.15       0.12      Missed  -17.2​
 Sep. 30 2023  0.15        0.15       0.21      Beat    40
 ​​Jun.        0.18        0.18       0.13      Missed  -26.4
 30 2023                                                
 Mar. 31 2023  0.28        0.28       0.24      Missed  -13.3​
 Dec. 31 2022  0.29        0.29       0.42      Beat    46.1
 Jan. 1 0001   0.26        0.27       0.28      Beat    3.7
 This summary was machine generated October 23 at 13:26 GMT.  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)