WesBanco Q2 Earnings Miss Estimates
WesBanco (NASDAQ: WSBC) came out with quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -9.26%. A quarter ago, it was expected that this holding company for WesBanco Bank would post earnings of $0.56 per share when it actually produced earnings of $0.56, delivering no surprise.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
WesBanco, which belongs to the Zacks Banks – Southeast industry, posted revenues of $149.16 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.51%. This compares to year-ago revenues of $154.66 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings …
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