* Eastern Bankshares Inc reported quarterly adjusted earnings of 25 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 32 cents. The mean expectation of four analysts for the quarter was for earnings of 33 cents per share. Wall Street expected results to range from 33 cents to 34 cents per share.
* Revenue rose 23.8% to $169.86 million from a year ago; analysts expected $182.28 million.
* Eastern Bankshares Inc's reported EPS for the quarter was a loss of 3 cents.
* The company reported a quarterly loss of $6.19 million.
* Eastern Bankshares Inc shares had risen by 2.0% this quarter and gained 17.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 6.9% 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 "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 1 "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 Eastern Bankshares Inc is 19.00 This summary was machine generated from LSEG data October 27 at 03:52 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
Sep. 30 2024 0.33 0.25 Missed
Jun. 30 2024 0.22 0.22 Met
Mar. 31 2024 0.20 0.23 Beat
Dec. 31 2023 0.20 0.10 Missed
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