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NWBIBearishEarningsnews
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Northwest Bancshares (NWBI) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Apr 22, 2024, 1:15 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- NWBI reported $131.2 million in revenue for Q1 2024, down 3.8% YoY. - EPS was $0.23, decreased from $0.28 a year ago. - The company did not meet EPS estimates with a -1.20% revenue surprise. - Efficiency ratio was 68.6%, slightly higher than analyst estimates. - NWBI stock has a Zacks Rank #4 (Sell) and returned +0.3% over a month. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • NWBI reported $131.2 million in revenue for Q1 2024, down 3.8% YoY.
  • EPS was $0.23, decreased from $0.28 a year ago.
  • The company did not meet EPS estimates with a -1.20% revenue surprise.
  • Efficiency ratio was 68.6%, slightly higher than analyst estimates.
  • NWBI stock has a Zacks Rank #4 (Sell) and returned +0.3% over a month.

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