WesBanco (WSBC) Surpasses Q3 Earnings Estimates

Company Performance - WesBanco reported quarterly earnings of $0.56 per share, exceeding the Zacks Consensus Estimate of $0.52 per share, but down from $0.59 per share a year ago, representing an earnings surprise of 7.69% [1] - The company posted revenues of $151.95 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 0.30%, compared to $149.81 million in the same quarter last year [1] - Over the last four quarters, WesBanco has surpassed consensus EPS estimates only once and has topped consensus revenue estimates two times [1] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.52 on revenues of $154.55 million, and for the current fiscal year, it is $2.06 on revenues of $599 million [4] - The estimate revisions trend for WesBanco is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell), indicating expected underperformance in the near future [4] Industry Context - The Banks - Southeast industry, to which WesBanco belongs, is currently in the bottom 33% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [5] - Another company in the same industry, USCB Financial Holdings, Inc., is expected to report quarterly earnings of $0.32 per share, reflecting a year-over-year increase of 68.4% [5]