The upcoming report from WesBanco (WSBC) is expected to reveal quarterly earnings of $0.54 per share, indicating a decline of 1.8% compared to the year-ago period. Analysts forecast revenues of $157 million, representing an increase of 5.3% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain WesBanco metrics that are commonly tracked and forecasted by Wall Street analysts.
The average prediction of analysts places 'Net Interest Margin' at 3.0%. The estimate compares to the year-ago value of 3%.
According to the collective judgment of analysts, 'Efficiency Ratio' should come in at 64.5%. The estimate compares to the year-ago value of 66.8%.
Analysts forecast 'Total Non-Interest Income' to reach $30.20 million. The estimate is in contrast to the year-ago figure of $30.07 million.
View all Key Company Metrics for WesBanco here>>>
Shares of WesBanco have demonstrated returns of -4.1% over the past month compared to the Zacks S&P 500 composite's -0.4% change. With a Zacks Rank #4 (Sell), WSBC is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
WesBanco, Inc. (WSBC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。