Northwest Bancshares (NWBI - Free Report) reported $136.43 million in revenue for the quarter ended March 2023, representing a year-over-year increase of 17.3%. EPS of $0.28 for the same period compares to $0.22 a year ago.
The reported revenue represents a surprise of -5.13% over the Zacks Consensus Estimate of $143.82 million. With the consensus EPS estimate being $0.28, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Northwest Bancshares performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio [%]: 61.38% versus the three-analyst average estimate of 60.64%.
- Net interest margin: 3.47% versus the three-analyst average estimate of 3.59%.
- Average Balances-Interest earning assets: $13.25 billion versus $13.22 billion estimated by three analysts on average.
- Total Noninterest Income: $23.97 million compared to the $26.73 million average estimate based on three analysts.
View all Key Company Metrics for Northwest Bancshares here>>>Shares of Northwest Bancshares have returned -9.2% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Northwest Bancshares (NWBI - Free Report) reported $136.43 million in revenue for the quarter ended March 2023, representing a year-over-year increase of 17.3%. EPS of $0.28 for the same period compares to $0.22 a year ago.
The reported revenue represents a surprise of -5.13% over the Zacks Consensus Estimate of $143.82 million. With the consensus EPS estimate being $0.28, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Northwest Bancshares performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio [%]: 61.38% versus the three-analyst average estimate of 60.64%.
- Net interest margin: 3.47% versus the three-analyst average estimate of 3.59%.
- Average Balances-Interest earning assets: $13.25 billion versus $13.22 billion estimated by three analysts on average.
- Total Noninterest Income: $23.97 million compared to the $26.73 million average estimate based on three analysts.
View all Key Company Metrics for Northwest Bancshares here>>>Shares of Northwest Bancshares have returned -9.2% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on NWBI - FREE