Webster Financial (WBS) Q1 Earnings and Revenues Lag Estimates

Core Viewpoint - Webster Financial (WBS) reported quarterly earnings of $1.30 per share, missing the Zacks Consensus Estimate of $1.38 per share, representing an earnings surprise of -5.80% [1][2] Financial Performance - The company posted revenues of $704.8 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 1.41%, compared to year-ago revenues of $667.09 million [2] - Over the last four quarters, Webster Financial has surpassed consensus EPS estimates only once [2] Stock Performance - Webster Financial shares have declined approximately 14.6% since the beginning of the year, while the S&P 500 has decreased by 8.6% [3] - The current consensus EPS estimate for the upcoming quarter is $1.44 on revenues of $721.62 million, and for the current fiscal year, it is $5.75 on revenues of $2.89 billion [7] Industry Outlook - The Zacks Industry Rank for Banks - Northeast is currently in the top 22% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - The performance of Webster Financial may be influenced by the overall industry outlook, as empirical research shows a strong correlation between near-term stock movements and earnings estimate revisions [5][8]