Western New England Bancorp Inc reports results for the quarter ended in June - Earnings Summary

Western New England Bancorp

26/07/2022 23:05

* Western New England Bancorp Inc  WNEB.OQ  reported
quarterly
adjusted earnings of 25 cents​​ per share for the quarter ended
in June. The mean expectation of four analysts for the quarter
was for earnings of 25 cents per share.
    * Revenue rose 8.9% to $19.39 million from a year ago;
analysts
expected $18.93 million. 
    * Western New England Bancorp Inc's reported EPS for the
quarter
was 25 cents​.
    * The mean earnings estimate of analysts had risen by
about 14.9%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Western New England Bancorp Inc shares had risen by 4.2%
this
quarter and lost 11.3% so far this year.
    * The company reported quarterly net income of $5.54
million.
    * Wall Street's median 12-month price target for Western New
England Bancorp Inc is $11.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data July 26
at 10:05 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.25           0.25           Met
 Mar. 31 2022      0.22           0.24           Beat
 Dec. 31 2021      0.24           0.24           Met
 Sep. 30 2021      0.22           0.24           Beat