Eastern Bankshares, Inc. (EBC) Tops Q4 Earnings and Revenue Estimates

Group 1 - Eastern Bankshares, Inc. reported quarterly earnings of $0.34 per share, exceeding the Zacks Consensus Estimate of $0.30 per share, and showing a significant increase from $0.10 per share a year ago, representing an earnings surprise of 13.33% [1] - The company posted revenues of $225.78 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 7.39%, compared to revenues of $160.05 million in the same quarter last year [2] - Eastern Bankshares has surpassed consensus EPS estimates two times over the last four quarters and has also topped consensus revenue estimates two times during the same period [2] Group 2 - The stock has gained approximately 1.7% since the beginning of the year, while the S&P 500 has increased by 3.5% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $0.30 on revenues of $215.5 million, and for the current fiscal year, it is $1.31 on revenues of $888.06 million [7] Group 3 - The Zacks Industry Rank indicates that the Banks - Northeast industry is currently in the top 20% of over 250 Zacks industries, suggesting a favorable outlook for stocks within this sector [8] - The estimate revisions trend for Eastern Bankshares is mixed, resulting in a Zacks Rank 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6]