Webster Financial Corp (NYSE: WBS) has reported earnings for its second fiscal quarter (ending June 30) of $1.03 versus $1.32 for the same period a year ago — a decline of -22%. This result fell short of the consensus estimate of $1.34 by $-0.31. E.P.S. were $4.61 for the latest four quarters through June 30 versus $5.26 for the same period a year ago — a decline of -12%.
Recent Price Action
Webster Financial Corp (NYSE: WBS) stock suffered a large decline of -5.7% on 7/23/24. The stock closed at $46.01. Moreover, trading volume in this decline was exceptionally high at 317% of normal. The stock has been weak relative to the market over the last nine months and has declined -3.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, WBS is expected to continue to be a Value Builder.
Webster Financial has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Webster Financial has a very high Appreciation Score of 92 but a neutral Power Rating of 40, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment