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

Western New England Bancorp

25/04/2023 21:40

* Western New England Bancorp Inc  WNEB.OQ  reported
quarterly
adjusted earnings of 24 cents​​ per share for the quarter ended
in March. The mean expectation of three analysts for the quarter
was for earnings of 28 cents per share.
    * Revenue fell 1% to $18.50 million from a year ago;
analysts
expected $20.07 million. 
    * Western New England Bancorp Inc's reported EPS for the
quarter
was 24 cents​.
    * The mean earnings estimate of analysts had risen by
about 3.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Western New England Bancorp Inc shares had fallen by 3.8%
this
quarter and lost 16.5% so far this year.
    * The company reported quarterly net income of $5.3 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 "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
April 25 at 08:40 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.25           0.25           Met