* WesBanco Inc reported quarterly adjusted earnings of 54 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 59 cents. The mean expectation of seven analysts for the quarter was for earnings of 51 cents per share. Wall Street expected results to range from 47 cents to 53 cents per share.
* Revenue fell 5.5% to $112.34 million from a year ago; analysts expected $120.74 million.
* WesBanco Inc's reported EPS for the quarter was 54 cents.
* The company reported quarterly net income of $34.74 million.
* WesBanco Inc shares had risen by 3.6% this quarter and lost 1.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 5.8% in the last three months.
* In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 4 "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 WesBanco Inc is $34.00 This summary was machine generated from LSEG data October 24 at 03:21 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 0.51 0.54 Beat
Jun. 30 2024 0.53 0.49 Missed
Mar. 31 2024 0.55 0.56 Beat
Dec. 31 2023 0.56 0.55 Missed
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