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

Western New England Bancorp

24/10/2023 23:05

* Western New England Bancorp Inc  WNEB.OQ  reported
quarterly
adjusted earnings of 21 cents​​ per share for the quarter ended
in September. The mean expectation of four analysts for the
quarter was for earnings of 15 cents per share.
    * Revenue fell 19.2% to $16.38 million from a year ago;
analysts
expected $16.53 million. 
    * Western New England Bancorp Inc's reported EPS for the
quarter
was 21 cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.2%
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 risen by 6.2%
this
quarter and lost 27.2% so far this year.
    * The company reported quarterly net income of $4.49
million.
    * Wall Street's median 12-month price target for Western New
England Bancorp Inc is $8.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 24 at 10:05 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.15           0.21           Beat
 Jun. 30 2023      0.18           0.13           Missed
 Mar. 31 2023      0.28           0.24           Missed
 Dec. 31 2022      0.29           0.42           Beat