Western New England Bancorp (WNEB) reported $18.02 million in income for the quarter ended March 2024, representing a year-over-year decline of 16.1%. EPS of $0.14 for a similar interval compares to $0.24 a yr in the past.
The reported income represents a shock of -2.40% over the Zacks Consensus Estimate of $18.46 million. With the consensus EPS estimate being $0.12, the EPS shock was +16.67%.
Whereas traders scrutinize income and earnings modifications year-over-year and the way they examine with Wall Road expectations to find out their subsequent transfer, some key metrics at all times supply a extra correct image of an organization’s monetary well being.
Since these metrics play an important position in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher undertaking a inventory’s worth efficiency.
Right here is how Western New England Bancorp carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Web Curiosity Margin: 2.6% versus the three-analyst common estimate of two.6%.
- Effectivity ratio: 82% in comparison with the 79.8% common estimate primarily based on three analysts.
- Whole Non Curiosity Earnings: $2.67 million versus $2.69 million estimated by three analysts on common.
- Web curiosity earnings: $15.35 million versus the three-analyst common estimate of $15.79 million.
View all Key Company Metrics for Western New England Bancorp here>>>
Shares of Western New England Bancorp have returned -17.7% over the previous month versus the Zacks S&P 500 composite’s -4.2% change. The inventory presently has a Zacks Rank #3 (Maintain), indicating that it may carry out in keeping with the broader market within the close to time period.
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
