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

Western New England Bancorp

25/07/2023 23:05

* Western New England Bancorp Inc  WNEB.OQ  reported
quarterly
adjusted earnings of 13 cents​​ per share for the quarter ended
in June. The mean expectation of three analysts for the quarter
was for earnings of 18 cents per share.
    * Revenue fell 13.1% to $16.85 million from a year ago;
analysts
expected $17.50 million. 
    * Western New England Bancorp Inc's reported EPS for the
quarter
was 13 cents​.
    * The mean earnings estimate of analysts had fallen by
about 31.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Western New England Bancorp Inc shares had risen by 11.5%
this
quarter and lost 31.2% so far this year.
    * The company reported quarterly net income of $2.76
million.
    * Wall Street's median 12-month price target for Western New
England Bancorp Inc is $7.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
25 at 10:05 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.18           0.13           Missed
 Mar. 31 2023      0.28           0.24           Missed
 Dec. 31 2022      0.29           0.42           Beat
 Sep. 30 2022      0.27           0.28           Beat