Northwest Bancshares (NWBI) to Announce Q4 Earnings on January 26, EPS Estimate at $0.31
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Earnings Announcement Schedule: Northwest Bancshares is set to release its Q4 2023 earnings report on January 26 after market close, with a consensus EPS estimate of $0.31, reflecting a 14.8% year-over-year growth, indicating stable profitability.
- Revenue Growth Expectations: The anticipated revenue for Q4 is $174.18 million, representing a 12.9% year-over-year increase, showcasing the company's ongoing growth potential despite economic challenges.
- Historical Performance Metrics: Over the past two years, Northwest Bancshares has beaten EPS estimates 88% of the time and revenue estimates 63% of the time, demonstrating reliability in financial forecasting.
- Revision Trends: In the last three months, EPS estimates have seen one upward revision and four downward adjustments, while revenue estimates have experienced one upward revision and two downward adjustments, indicating analyst divergence regarding the company's future performance.
Analyst Views on NWBI
Wall Street analysts forecast NWBI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NWBI is 13.00 USD with a low forecast of 13.00 USD and a high forecast of 13.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 12.810
Low
13.00
Averages
13.00
High
13.00
Current: 12.810
Low
13.00
Averages
13.00
High
13.00
About NWBI
Northwest Bancshares, Inc. is a bank holding for Northwest Bank (the Bank). Northwest Bank is a Pennsylvania-chartered savings bank. The Bank is a full-service financial institution which offers a complete line of business and consumer banking products, as well as employee benefits and wealth management services. The Bank operates approximately 151 full-service financial centers and eight drive-up locations across Pennsylvania, New York, Ohio, and Indiana. Its principal lending activities are the origination of loans secured by first mortgages on owner-occupied, one-to-four-family residences, shorter-term consumer loans, and commercial business and commercial real estate loans. It offers other consumer loans, such as direct and indirect automobile loans, sales finance loans, credit card loans, and others. Its principal sources of funds are personal and business deposits, borrowed funds and the principal and interest payments on loans and marketable securities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
