Western New England Bancorp Inc expected to post earnings of 11 cents a share - Earnings Preview

Western New England Bancorp

19/07/2024 12:30

* Western New England Bancorp Inc  WNEB.OQ   WNEB.O  is
expected
to show a fall in quarterly revenue when it reports  results on
July 23 (estimated) for the period ending June 30 2024
    * The Westfield Massachusetts-based  company is expected to
report
a 6.8% decrease in revenue to $15.7 million from $16.85 million
a year ago, according to the estimate from one analyst, based on
LSEG data. (SAL represents Net Interest Income)
    * ​LSEG's mean analyst estimate for Western New England
Bancorp
Inc is for earnings of 11 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"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 $8.43. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.12        0.12       0.14      Beat    16.7
 Dec. 31 2024  0.15        0.15       0.12      Missed  -17.2
 Sep. 30 2023  0.15        0.15       0.21      Beat    40​
 Jun. 30 2023  0.18        0.18       0.13      Missed  -26.4
 ​​Mar.        0.28        0.28       0.24      Missed  -13.3
 31 2023                                                
 Jan. 1 0001   0.29        0.29       0.42      Beat    46.1​
 Sep. 30 2022  0.26        0.27       0.28      Beat    3.7
 Jun. 30 2022  0.25        0.25       0.25      Met     0
 This summary was machine generated July 19 at 11:30 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)