Northwest Bancshares Inc (NASDAQ: NWBI) has reported E.P.S. of $0.04 for its second fiscal quarter (ending June 30) versus $0.26 for the same period a year ago — a decline of -85%. This result fell short of the consensus estimate of $0.22 by $-0.18. For the latest four quarters through June 30, E.P.S. were $0.81 compared to $1.09 a year ago — a decline of -26%.
Recent Price Action
On 7/23/24, Northwest Bancshares Inc (NASDAQ: NWBI) stock enjoyed a large increase of 4.5%, closing at $13.92. Moreover, exceptionally high trading volume at 277% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 10.8% during the last week.
Current PriceTarget Research Rating
NWBI is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Northwest Bancshares has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Northwest Bancshares has a neutral Appreciation Score of 56 and a slightly negative Power Rating of 34, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment