Western New England Bancorp Inc expected to post earnings of 14 cents a share - Earnings Preview

Western New England Bancorp

19/01/2024 11:28

* Western New England Bancorp Inc  WNEB.OQ   WNEB.O  is
expected
to show a fall in quarterly revenue when it reports  results on
January 22 (estimated) for the period ending December 31 2023
    * The Westfield Massachusetts-based  company is expected to
report
a 22.6% decrease in revenue to $16.133 million from $20.85
million a year ago, according to the mean estimate from 3
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 14 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"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 $8.25​, below​ its last closing price
of $8.81. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.15        0.15       0.21      Beat    40
 Jun. 30 2023  0.18        0.18       0.13      Missed  -26.4
 Mar. 31 2023  0.28        0.28       0.24      Missed  -13.3​
 Dec. 31 2022  0.29        0.29       0.42      Beat    46.1
 ​​Sep.        0.26        0.27       0.28      Beat    3.7
 30 2022                                                
 Jun. 30 2022  0.25        0.25       0.25      Met     0​
 Mar. 31 2022  0.22        0.22       0.24      Beat    10.3
 Dec. 31 2021  0.24        0.24       0.24      Met     1.1
 This summary was machine generated January 19 at 11:28 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)