• Wed. Oct 9th, 2024

Earnings Outlook For M&T Bank

ByBenzinga Insights

Jan 18, 2023
Earnings Outlook For M&T Bank

[ad_1]

M&T Bank MTB is set to give its latest quarterly earnings report on Thursday, 2023-01-19. Here’s what investors need to know before the announcement.

Analysts estimate that M&T Bank will report an earnings per share (EPS) of $4.33.

M&T Bank bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company missed EPS by $0.13, which was followed by a 1.02% drop in the share price the next day.

Here’s a look at M&T Bank’s past performance and the resulting price change:

Quarter Q3 2022 Q2 2022 Q1 2022 Q4 2021
EPS Estimate 3.96 2.7 2.03 2.91
EPS Actual 3.83 3.1 2.73 3.50
Price Change % -1.02% 2.22% 0.82% -3.75%
Quarter Q3 2022 Q2 2022 Q1 2022 Q4 2021
EPS Estimate 3.96 2.7 2.03 2.91
EPS Actual 3.83 3.1 2.73 3.50
Price Change % -1.02% 2.22% 0.82% -3.75%

Stock Performance

Shares of M&T Bank were trading at $150.54 as of January 16. Over the last 52-week period, shares are down 9.5%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

To track all earnings releases for M&T Bank visit their earnings calendar on our site.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

[ad_2]

Image and article originally from www.benzinga.com. Read the original article here.