Western New England Bancorp Inc expected to post earnings of 18  cents a share - Earnings Preview

Western New England Bancorp

21/07/2023 13:48

* Western New England Bancorp Inc  WNEB.OQ   WNEB.O  is
expected
to show a fall in quarterly revenue when it reports  results on
July 24 (estimated). 
    * The Westfield Massachusetts-based  company is expected to
report
 a 9.8% decrease in revenue to $17.5 million from $19.39 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Western New England
Bancorp Inc is for earnings of 18 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 $7​, above​ its last closing price
of $6.48. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.28        0.28       0.24      Missed  -13.3
 Dec. 31 2023  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
 ​​Mar.        0.22        0.22       0.24      Beat    10.3
 31 2022                                                
 Dec. 31 2021  0.24        0.24       0.24      Met     1.1​
 Sep. 30 2021  0.24        0.22       0.24      Beat    10.3
 Jun. 30 2021  0.19        0.19       0.24      Beat    26.8
 This summary was machine generated July 21 at 12:48 GMT.  All
figures in US dollars  unless otherwise stated