Wesbanco Q2 Adj EPS $0.71 Beats $0.66 Estimate, Sales $121.57M Miss $122.89M Estimate
Portfolio Pulse from vinayak@benzinga.com
Wesbanco (NASDAQ:WSBC) reported Q2 earnings of $0.71 per share, beating the analyst consensus estimate of $0.66 by 7.58%. However, the company's quarterly sales of $121.57 million missed the analyst consensus estimate of $122.89 million by 1.08%. This represents a 5.97% increase in earnings and an 8.32% increase in sales compared to the same period last year.
July 25, 2023 | 8:30 pm
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NEUTRAL IMPACT
Wesbanco's Q2 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Wesbanco's earnings beat estimates, which is generally positive for the stock. However, the company's sales missed estimates, which could offset some of the positive sentiment. The net impact on the stock is uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100