$Northwest Bancshares(NWBI)$ released their 3Q24 report with an extraordinary increase in EPS of 550% compared to 2Q24. Don’t be fooled by these numbers, their EPS in 2Q24 was impacted by a significant loss on the sale of investments, and now the 3Q numbers are back to a more typical level. You can find more info about 2Q in my previous article. Their EPS dropped by 16.12% compared to 3Q23 primarily driven by an increase in provision expense for credit losses. Why would they expect more missed loan payments when the economy seems to be recovering relatively well and interest rates are going down? Let’s investigate! The bank reported an increase of 0.3% in loans receivable and
Igor Rezende
Just turning numbers into stories.
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Northwest Bancshares (NWBI) 3Q24 - 550% Increase in EPS!
Northwest Bancshares (NWBI) 3Q24 - 550% Increase in EPS!
Verizon 3Q24 Report - 31% Drop in EPS, What Is Going On?
This quarter $Verizon(VZ)$ released their reports with a shocking 31% drop in EPS compared to 3Q23. This was primarily driven by a severance charge of $1.7 billion from a voluntary separation program announced in June 2024. Don’t be fooled by the short-term numbers, this program is intended to pave the way for future financial improvement in the long run. The severance charge affected the consolidated net income by -30.2% and EBITDA by -13.57% compared to 3Q23. Verizon reported an Adjusted EBITDA of $12.5 billion, which excludes severance charges, marking the highest figure in the company's history. Business Segment: The segment gave us a bit of a surprise with the operating income for the quarter being 4.8% higher than in 3Q23, primarily driven by
Verizon 3Q24 Report - 31% Drop in EPS, What Is Going On?
Is $NextEra LP(NEP)$ in the Renewable Energy sector the new "Gold Mine" stock? If you're considering investing in the renewable energy sector, specifically in NEP, I've conducted a SWOT analysis to help us understand the business's challenges and opportunities. While NEP pays an unusually high dividend yield, it is critical to know where you're getting your self into. This is not financial advice and I'm not a financial advisor. SWOT ANALYSIS INTERNAL – STRENGHTS Higher growth potential: - NEP strategy is centered on expanding ownership of long-term contracted projects in renewable energy. The global emphasis on reducing carbon emissions and transition to greener energy sources is a key driver for the industry expansion. High and stable cash dis
$Northwest Bancshares(NWBI)$ 2Q24 Report – Financial Instability with EPS at $0.04? NWBI reported its earnings for 2Q24 on July 23, and the share price increased by 4.5% immediately after. You may be asking what caused such a positive response from the public and in short, they beat the Earnings Per Share (EPS) estimate by 21.8% at 0.27. However, it is important to note that the amount that beat expectations excludes a significant loss on the sale of investments of $28 million plus $1 million of restructuring expenses. This means that their actual EPS was $0.04. If you look at the photograph rather than the video, you will think this was horrible for the bank, selling investments at a loss can mean that NWBI is signaling financial instability, suc
Is NEP lying about its EPS numbers?
I was struck by something quite unexpected when $NextEra Energy Partners LP(NEP)$ reported a shocking 73% decrease in their EPS for the Six Months Ended June 30 compared to 2023. This caught my interest as most analysts usually focus on Earnings Per Share (EPS) and income numbers when screening stocks. Inspecting their balance sheet, I stumbled upon something rather intriguing. NEP categorizes their interest expense as "Other Income," a practice uncommon among most companies since it normally goes under “Expenses”. This strongly suggests that their net interest income may have outperformed their interest costs. In my opinion, when this occurs, it should be rightly labeled as "interest income". However, the twist lies in the fact that the reported n
NEP Down 20% Two Days After Earnings Release
$NextEra Energy Partners LP(NEP)$ stock was heavily beaten down after their earnings release where it reported a negative Net Income of -$40 million for 3Q24, which is a 175% drop from 3Q23. Their EPS was also reported in the negative at -$0.43, a 191% decline compared to 3Q23. These are very alarming numbers, and many investors likely rushed to sell their holdings without hesitation. It is important to note the discussion in the article below published previously, which covers the reliability of Net Earnings and EPS numbers specifically in the case of $NextEra Energy Partners LP(NEP)$ . Is NEP lying about its EPS numbers? By analyzing
$Verizon(VZ)$ 2Q24 Report – New Branding, Continuous drop in the Business segment, and drop in EPS Verizon's operations are divided into two segments: Consumer and Business. When conducting a balance sheet analysis, it is crucial to examine these segments separately before drawing any conclusions. Business Segment: There has been a significant decline in the Business segment, raising concerns about its future. In the year-to-date numbers, the operating income decreased by 17.1%, and when compared with the 2022 numbers, the decline was 33%. There hasn't been much explanation as to what is planned for the segment, and we can see that there has been a strong decrease in broadband revenue. It is important to remember that there was a $5.8 billion g
Thank you for your post and for the insights. What metrics were you looking at that led you to believe they could cut their dividends by 2/3?
NextEra Energy Partners: Here Comes The Distribution Cut
Thank you for your article. It is very insightful!
NextEra Energy And NextEra Energy Partners: The Weather Blows Favorable Tailwinds
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