WesBanco, Inc. (NASDAQ:WSBC) banking products and services provider, is reporting second quarter earnings results on Wednesday 22nd July 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.33 per share.
For the full year, analysts predict revenues of $ 480.69 million, while looking forward to income of $ 1.77 per share.
Previous Quarter Performance
WesBanco, Inc. announced income for the first quarter of $ 0.41 per share, from the revenue of $ 120.16 million. The quarterly earnings dropped 47.44 percent while revenues raised 20.36 percent compared with the same quarter last year.
According to street consensus, WSBC was expected to report 1Q20 income of $ 0.58 per share from revenue of $ 119.34 million. The bottom line results missed street analysts by $ 0.17 or 29.31 percent, at the same time, top line results outshined analysts by $ 0.82 million or 0.69 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of WSBC was $ 20.71, representing a 18.61 % increase from the 52 week low of $ 17.46 and a 47.34 % decrease over the 52 week high of $ 39.33.
The company has a market capital of $ 1.39 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Analyst recommendations
On 17th June 2020, upgraded by Raymond James to Outperform from Market Perform rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.32 per share on May 20, 2020. The dividend were payable on July 1, 2020 to holders of record as of the close of business on June 12, 2020 and ex-dividend date on June 11, 2020.
WesBanco, Inc. operates as the holding company for WesBanco Bank, Inc. that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services in the United States.
