Compared to Estimates, WSFS (WSFS) Q3 Earnings: A Look at Key Metrics
WSFS Financial (WSFS) reported $255.27 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 6.6%. EPS of $1.23 for the same period compares to $1.23 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $244.8 million, representing a surprise of +4.28%. The company delivered an EPS surprise of +16.04%, with the consensus EPS estimate being $1.06.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how WSFS performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin: 4.1% versus 3.9% estimated by two analysts on average.
Efficiency Ratio: 54.6% versus 57.2% estimated by two analysts on average.
Net Interest Income: $182.60 million versus the two-analyst average estimate of $175.87 million.
Total Non-Interest Income: $72.67 million compared to the $68.93 million average estimate based on two analysts.
Mortgage banking activities, net: $1.25 million compared to the $1.27 million average estimate based on two analysts.
View all Key Company Metrics for WSFS here>>>
Shares of WSFS have returned -3.9% over the past month versus the Zacks S&P 500 composite's -4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Want 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
WSFS Financial Corporation (WSFS) : Free Stock Analysis Report
