Webster Financial Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Webster Financial Corporation WBS will release earnings results for its fourth quarter, before the opening bell on Friday, Jan. 17, 2025.

Analysts expect the Stamford, Connecticut-based company to report quarterly earnings at $1.35 per share, down from $1.46 per share in the year-ago period. Webster Financial projects to report revenue of $687.53 million for the recent quarter, compared to $634.84 million a year earlier, according to data from Benzinga Pro.

On Dec. 18, 2024, Webster slashed its prime lending rate to 7.50%.

Webster Financial shares gained 3% to close at $58.16 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

Barclays analyst Jared Shaw maintained an Overweight rating and raised the price target from $63 to $69 on Dec. 50, 2024. This analyst has an accuracy rate of 65%.
Wedbush analyst David Chiaverini maintained a Neutral rating and boosted the price target from $52 to $59 on Oct. 18, 2024. This analyst has an accuracy rate of 64%.
RBC Capital analyst Jon Arfstrom maintained an Outperform rating and raised the price target from $57 to $62 on Oct. 18, 2024. This analyst has an accuracy rate of 82%.
Morgan Stanley analyst Manan Gosalia maintained an Equal-Weight rating and cut the price target from $57 to $54 on Sept. 30, 2024. This analyst has an accuracy rate of 75%.
Keefe, Bruyette & Woods analyst Christopher Mcgratty maintained an Outperform rating and cut the price target from $58 to $55 on July 9, 2024. This analyst has an accuracy rate of 66%.

Considering buying WBS stock? Here’s what analysts think: