Mark your calendars for Thursday 24th October 2024, as Eastern Bankshares (NASDAQ: EBC) is set to unveil its third quarter financial results. This highly anticipated announcement will be made after market close, giving investors and market participants a chance to assess the company's financial performance.
As per the projections made by financial experts on Wall Street, the concern is expected to announce an estimated $0.33 profit per share for the quarter. Moreover, the firm is likely to disclose a quarterly revenue of $182.28 million.
The company's full-year performance has been analyzed by wall street analysts, who have shared their projections. According to the analysis, it is expected that the company will generate a total revenue of $628.16 million. Additionally, the earnings per share for the company are also anticipated to reach profit of $1.1 over the course of the fiscal year.
Upon revisiting the corresponding quarter from the prior year, the company's earnings report demonstrated a per-share income of $0.32. This figure was attributed to the company's total revenue, which reached an impressive $156.36 million during that same period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.22 | -21.4% | 154.00 M | -21.2% |
| Q1 2024 | $0.23 | -39.5% | 157.59 M | -19.1% |
| Q4 2023 | $0.10 | -67.7% | 160.05 M | -17.7% |
| Q3 2023 | $0.32 | -5.9% | 156.36 M | -20.0% |
| Q2 2023 | $0.28 | -12.5% | 195.42 M | +8.8% |
| *Growth on year-over-year basis | ||||
In addition, The firm will review the third quarter financial results on 25th October 2024 at 09:00 AM eastern time, in a conference call with public.
Eastern Bankshares (EBC) closed Tuesday's regular trading session at $16.60, indicating a 0.73 percent rise. The stock fluctuated between $16.43 and $16.62 during the day, with a volume of 570.50 thousand shares.
