* Northwest Bancshares Inc reported quarterly adjusted earnings of 26 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 31 cents. The mean expectation of six analysts for the quarter was for earnings of 26 cents per share. Wall Street expected results to range from 25 cents to 27 cents per share.
* Revenue rose 2.7% to $111.30 million from a year ago; analysts expected $109.73 million.
* Northwest Bancshares Inc's reported EPS for the quarter was 26 cents.
* The company reported quarterly net income of $33.62 million.
* Northwest Bancshares Inc shares had risen by 0.7% this quarter and gained 8.0% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 0.6% 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," 5 "hold" and 1 "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 Northwest Bancshares Inc is 13.00 This summary was machine generated from LSEG data October 29 at 02:21 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 0.26 0.26 Met
Jun. 30 2024 0.22 0.27 Beat
Mar. 31 2024 0.23 0.24 Beat
Dec. 31 2023 0.24 0.23 Missed
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