Wsfs Financial Corp Reports Results For The Quarter Ended In June: Earnings Summary

WSFS Financial

25/07/2024 22:53

* WSFS Financial Corp  WSFS.OQ  reported quarterly adjusted
earnings of $1.08​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of $1.16.  The mean expectation of five analysts for the
quarter was for earnings of $1.04 per share. Wall Street
expected results to range from $1.02  to $1.07 per share.
    * Revenue fell 4.1% to $174.45 million from a year ago;
analysts
expected $174.91 million. 
    * WSFS Financial Corp's reported EPS for the quarter was
$1.16​.
    * The company reported quarterly net income of $69.27
million.
    * WSFS Financial Corp shares had risen by 19.4% this
quarter and
gained 22.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for WSFS Financial
Corp is $53.00 
This summary was machine generated from LSEG data July 25 at
09:53 p.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
 Jan. 1 0001       1.04           1.08           Beat
 Mar. 31 2024      1.07           1.11           Beat
 Dec. 31 2023      1.05           1.15           Beat
 Sep. 30 2023      1.04           1.23           Beat