Unveiling Eastern Bankshares (EBC) Q3 Outlook: Wall Street Estimates for Key Metrics

Wall Street analysts forecast that Eastern Bankshares, Inc. (EBC) will report quarterly earnings of $0.33 per share in its upcoming release, pointing to a year-over-year increase of 3.1%. It is anticipated that revenues will amount to $215.92 million, exhibiting an increase of 38.1% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 3.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.That said, let's delve into the average estimates of some Eastern Bankshares metrics that Wall Street analysts commonly model and monitor.According to the collective judgment of analysts, 'Efficiency ratio (Gaap)' should come in at 57.3%. The estimate is in contrast to the year-ago figure of 65.1%.Analysts expect 'Total interest-earning assets-Average' to come in at $24.13 billion. The estimate compares to the year-ago value of $20.24 billion.The collective assessment of analysts points to an estimated 'Net Interest Income' of $181.14 million. Compared to the current estimate, the company reported $137.21 million in the same quarter of the previous year.Analysts predict that the 'Total Noninterest Income' will reach $34.65 million. Compared to the present estimate, the company reported $19.16 million in the same quarter last year.The average prediction of analysts places 'Debit card processing fees' at $3.97 million. Compared to the present estimate, the company reported $3.39 million in the same quarter last year.Analysts' assessment points toward 'Trust and investment advisory fees' reaching $14.75 million. Compared to the current estimate, the company reported $6.24 million in the same quarter of the previous year.The combined assessment of analysts suggests that 'Service charges on deposit accounts' will likely reach $8.63 million. The estimate is in contrast to the year-ago figure of $7.40 million.It is projected by analysts that the 'Other' will reach $6.22 million. Compared to the present estimate, the company reported $4.77 million in the same quarter last year.Based on the collective assessment of analysts, 'Net Interest Income (FTE)' should arrive at $187.54 million. The estimate is in contrast to the year-ago figure of $141.58 million.View all Key Company Metrics for Eastern Bankshares here>>>Over the past month, Eastern Bankshares shares have recorded returns of +2.2% versus the Zacks S&P 500 composite's +2.7% change. Based on its Zacks Rank #4 (Sell), EBC will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Eastern Bankshares, Inc. (EBC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks