Webster Finl Q4 Adj. EPS $1.46, Inline, Sales $571.02M Miss $602.807M Estimate
Portfolio Pulse from Benzinga Newsdesk
Webster Financial Corporation (NYSE:WBS) reported Q4 adjusted EPS of $1.46, which was in line with analyst estimates but marked an 8.75% decrease from the previous year. Sales for the quarter were $571.02M, falling short of the expected $602.807M, a 5.32% miss and a 5.21% decrease from the prior year.
January 23, 2024 | 12:34 pm
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Webster Financial Corporation's Q4 earnings matched expectations but showed a decline from last year, while sales missed estimates and also decreased compared to the same quarter last year.
The alignment with EPS estimates suggests a neutral impact on the stock price, but the year-over-year decline in earnings and the miss on sales estimates are likely to be viewed negatively by investors, potentially leading to a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100