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Webster Financial (WBS) Expected to Beat Earnings Estimates: Should You Buy?
Webster Financial Webster Financial (US:WBS) ZACKSยท2024-10-10 15:08

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Webster Financial despite an increase in revenues, with a focus on how actual results will compare to estimates [1][3]. Earnings Expectations - Webster Financial is expected to report quarterly earnings of $1.35 per share, reflecting a year-over-year decrease of 12.9%, while revenues are projected to be $679.79 million, a slight increase of 0.3% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 1.05% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates a positive Earnings ESP of +0.05%, suggesting analysts have recently become more optimistic about the company's earnings prospects [10]. Historical Performance - In the last reported quarter, Webster Financial was expected to post earnings of $1.34 per share but delivered only $1.26, resulting in a surprise of -5.97%. Over the last four quarters, the company has only beaten consensus EPS estimates once [11][12]. Investment Considerations - While Webster Financial is seen as a potential earnings-beat candidate, investors should consider other factors that may influence stock performance beyond just earnings results [15].