Western New England Bancorp Inc reports results for the quarter ended in September 30 - Earnings Summary

Western New England Bancorp

24/10/2024 04:16

* Western New England Bancorp Inc  WNEB.OQ  reported
quarterly
adjusted earnings of 9 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of 21 cents.  The mean expectation of
three analysts for the quarter was for earnings of 10 cents per
share. Wall Street expected results to range from 9 cents to 11
cents per share.
    * Revenue fell 10.1% to $14.73 million from a year ago;
analysts
expected $14.70 million. 
    * Western New England Bancorp Inc's reported EPS for the
quarter
was 9 cents​.
    * The company reported quarterly net income of $1.9 million.
    * Western New England Bancorp Inc shares had risen by 1.4%
this
quarter and lost 4.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Western New
England Bancorp Inc is $9.00 
This summary was machine generated from LSEG data October 24 at
03:16 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.10           0.09           Missed
 Jun. 30 2024      0.11           0.17           Beat
 Mar. 31 2024      0.12           0.14           Beat
 Dec. 31 2023      0.15           0.12           Missed