Webster Financial: Here’s What Investors Need to Know Before Earnings
Webster Financial (NYSE:WBS) will report earnings before markets open on Friday, July 12th. Webster Financial Corporation is a bank holding company. The Company’s banking subsidiary provides a wide range of financial services to individuals, families, and businesses throughout southern New England and eastern New York State. Webster provides business and consumer banking, mortgage lending, financial planning, trust and investment services, as well as Internet banking.
Here is your Cheat Sheet to Webster Financial Earnings:
Earnings Expectations: Analysts expect earnings of $0.48 per share on revenues of $147.33 million. Currently, the company’s P/E ratio stands at 14.26.
Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.48 and has not changed. For the current year, the average estimate is a profit of $1.87, which is worse than the estimate ninety days ago.
Here’s how Webster Financial has been performing on an annual basis:
|Revenue ($) in millions||841||932||913||877||886|
|Diluted EPS ($)||-6.42||-2.14||0.60||1.61||1.86|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||221.99||220.70||225.49||218.36|
|Diluted EPS ($)||0.44||0.48||0.52||0.44|
Webster Financial has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)