Webster Financial (WBS)

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Webster Financial (WBS) Lags Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-17 13:40
Webster Financial (WBS) came out with quarterly earnings of $1.34 per share, missing the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.55 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -0.74%. A quarter ago, it was expected that this holding company for Webster Bank would post earnings of $1.34 per share when it actually produced earnings of $1.26, delivering a surprise of -5.97%. Over the last ...
Unlocking Q3 Potential of Webster Financial (WBS): Exploring Wall Street Estimates for Key Metrics
ZACKS· 2024-10-14 14:24
In its upcoming report, Webster Financial (WBS) is predicted by Wall Street analysts to post quarterly earnings of $1.36 per share, reflecting a decline of 12.3% compared to the same period last year. Revenues are forecasted to be $676.37 million, representing a year-over-year decrease of 0.2%. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections ...
Webster Financial (WBS) Expected to Beat Earnings Estimates: Should You Buy?
ZACKS· 2024-10-10 15:08
Wall Street expects a year-over-year decline in earnings on higher revenues when Webster Financial (WBS) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Octo ...
Rising NII & Fee Income Aid Webster Financial Amid High Costs
ZACKS· 2024-10-08 16:15
Webster Financial Corporation's (WBS) revenue strength, increasing net interest income (NII) and diversified fee income sources, enhanced by strategic acquisitions, support its growth prospects. However, elevated expense levels and high debt remain areas of concern. Tailwinds for WBS Revenue Strength: Webster Financial has an impressive revenue growth story. NII and non-interest income witnessed a compound annual growth rate (CAGR) of 25.1% and 2.5%, respectively, over the last four years (2019-2023). Both ...
Why Is Webster Financial (WBS) Down 2.7% Since Last Earnings Report?
ZACKS· 2024-08-22 16:36
It has been about a month since the last earnings report for Webster Financial (WBS) . Shares have lost about 2.7% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Webster Financial due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Webster Financial's Q2 Earnings Mi ...
Webster Financial (WBS) - 2024 Q2 - Earnings Call Transcript
2024-07-23 20:58
Webster Financial Corporation (NYSE:WBS) Q2 2024 Earnings Conference Call July 23, 2024 9:00 AM ET Company Participants Emlen Harmon - Director, IR John Ciulla - CEO Glenn MacInnes - CFO Conference Call Participants Matthew Breese - Stephens Christopher McGratty - KBW Mark Fitzgibbon - Piper Sandler Steven Alexopoulos - JP Morgan Jared Shaw - Barclays. Manan Gosalia - Morgan Stanley Casey Haire - Jefferies Daniel Tamayo - Raymond James Bernard Von Gizycki - Deutsche Bank Timur Braziler - Wells Fargo Securit ...
Webster Financial (WBS) Lags Q2 Earnings and Revenue Estimates
ZACKS· 2024-07-23 13:41
Ahead of this earnings release, the estimate revisions trend for Webster Financial: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming qua ...
Webster Financial (WBS) - 2024 Q2 - Quarterly Results
2024-07-23 11:37
Webster Financial Corporation | 200 Elm Street | Stamford, CT 06902 | websterbank.com Consolidated financial performance: Webster Financial Corporation | 200 Elm Street | Stamford, CT 06902 | websterbanl • Average deposits totaled $61.7 billion and increased by $3.1 billion, or 5.4 percent. Quarterly non-interest income compared to the second quarter of 2023: Webster Financial Corporation | 200 Elm Street | Stamford, CT 06902 | websterbank.com Quarterly income taxes compared to the second quarter of 2023: • ...
Webster Financial: Not Yet Ready For An Upgrade
Seeking Alpha· 2024-07-19 21:27
Fly View Productions One of the things that I love most about analyzing companies is being able to upgrade them. With very few exceptions, there aren't any companies that I don't want to see succeed. One business that I feel that's getting close to deserving of an upgrade is Webster Financial Corporation (NYSE:WBS). You see, back in late January of this year, I downgraded the firm from a "buy" to a "hold." This downgrade came after shares spiked 41% since my initial rating on the company. For context, the S ...
Analysts Estimate Webster Financial (WBS) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2024-07-16 15:06
The market expects Webster Financial (WBS) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. Revenues are expected to be $671.91 million, down 0.2% from the year-ago quarter. Estimate revisions ahead of a company's earning ...