Webster Finl Q1 2024 Adj EPS $1.35 Misses $1.41 Estimate, Sales $567.739M Miss $616.786M Estimate
Portfolio Pulse from Benzinga Newsdesk
Webster Financial (WBS) reported Q1 2024 adjusted EPS of $1.35, missing the $1.41 estimate, and sales of $567.739M, below the $616.786M estimate. This represents a 15.09% decrease in EPS and a 4.63% decrease in sales from the same period last year.
April 23, 2024 | 11:35 am
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NEGATIVE IMPACT
Webster Financial (WBS) missed Q1 2024 earnings and sales estimates, with a significant decrease in EPS and sales compared to last year.
Missing both earnings and sales estimates significantly, especially with a notable year-over-year decrease in EPS and sales, is likely to negatively impact investor sentiment and the stock price of Webster Financial in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100