For its third fiscal quarter (ending September 30), Webster Financial Corp (NYSE: WBS) has reported a -15% decline in E.P.S. from $1.29 a year ago to $1.10 in the current quarter. This performance was $-0.24 short of the consensus estimate of $1.34. E.P.S. were $4.42 for the latest four quarters through September 30 versus $5.23 for the same period a year ago — a decline of -15%.
Recent Price Action
Webster Financial Corp (NYSE: WBS) stock enjoyed a major increase of 11.6% on 10/17/24. The shares closed at $54.25. Moreover, exceptionally high trading volume at 328% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 19.1% 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 91 but a neutral Power Rating of 46, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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