Earnings Outlook For Webster Finl
Portfolio Pulse from Benzinga Insights
Webster Finl (NYSE:WBS) is set to release its latest quarterly earnings report on October 19, 2023. Analysts estimate an earnings per share (EPS) of $1.49. The company's stock performance has been generally negative over the last 52-week period, with shares down 20.21%. Last quarter, the company beat EPS estimates by $0.03, which was followed by a 1.45% drop in the share price.
October 18, 2023 | 5:01 pm
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Webster Finl is expected to report an EPS of $1.49 for Q3 2023. The company's shares have been on a downward trend, decreasing by 20.21% over the past year.
Webster Finl's upcoming earnings report is highly relevant as it could influence the company's stock price. Given the negative trend in the company's stock performance over the past year, the earnings report could potentially further decrease the stock price, especially if the company fails to meet the estimated EPS. Last quarter's earnings beat was followed by a drop in share price, indicating that investors may have high expectations.
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