Northwest Bancshares Inc reports results for the quarter ended December 31 - Earnings Summary

• Northwest Bancshares Inc NWBI.OQ reported quarterly adjusted earnings of 27 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 23 cents. The mean expectation of six analysts for the quarter was for earnings of 25 cents per share. Wall Street expected results to range from 25 cents to 26 cents per share.

• Revenue rose 7.4% to $114.20 million from a year ago; analysts expected $112.22 million.

• Northwest Bancshares Inc's reported EPS for the quarter was 26 cents​.

• The company reported quarterly net income of $32.75 million.

• Northwest Bancshares Inc shares had fallen by 0.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.7% 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," 4 "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 $14.25

This summary was machine generated from LSEG data January 24 at 02:31 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)