Latest news with #WSFSFinancial
Yahoo
26-07-2025
- Business
- Yahoo
WSFS Financial Second Quarter 2025 Earnings: EPS Beats Expectations
WSFS Financial (NASDAQ:WSFS) Second Quarter 2025 Results Key Financial Results Revenue: US$254.9m (up 3.5% from 2Q 2024). Net income: US$72.3m (up 4.4% from 2Q 2024). Profit margin: 28% (in line with 2Q 2024). EPS: US$1.27 (up from US$1.16 in 2Q 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period WSFS Financial EPS Beats Expectations Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Banks industry in the US. Performance of the American Banks industry. The company's shares are down 3.1% from a week ago. Balance Sheet Analysis While earnings are important, another area to consider is the balance sheet. We have a graphic representation of WSFS Financial's balance sheet and an in-depth analysis of the company's financial position. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
25-07-2025
- Business
- Yahoo
WSFS Financial (WSFS) Q2 Earnings and Revenues Beat Estimates
WSFS Financial (WSFS) came out with quarterly earnings of $1.27 per share, beating the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $1.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +12.39%. A quarter ago, it was expected that this bank holding company would post earnings of $1.04 per share when it actually produced earnings of $1.13, delivering a surprise of +8.65%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. WSFS, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $267.5 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 3.36%. This compares to year-ago revenues of $266.05 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. WSFS shares have added about 9.5% since the beginning of the year versus the S&P 500's gain of 8.1%. What's Next for WSFS? While WSFS has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for WSFS was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.13 on $262.8 million in revenues for the coming quarter and $4.64 on $1.04 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the bottom 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Stellar Bancorp (STEL), another stock in the broader Zacks Finance sector, has yet to report results for the quarter ended June 2025. The results are expected to be released on July 25. This bank holding company is expected to post quarterly earnings of $0.45 per share in its upcoming report, which represents a year-over-year change of -19.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Stellar Bancorp's revenues are expected to be $104.83 million, down 1.9% from the year-ago quarter. 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 Stellar Bancorp, Inc. (STEL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
23-07-2025
- Business
- Yahoo
What To Expect From WSFS Financial's (WSFS) Q2 Earnings
Regional banking company WSFS Financial (NASDAQ:WSFS) will be announcing earnings results this Thursday afternoon. Here's what to expect. WSFS Financial missed analysts' revenue expectations by 0.6% last quarter, reporting revenues of $256.1 million, up 2% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts' tangible book value per share estimates. Is WSFS Financial a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting WSFS Financial's revenue to be flat year on year at $264.4 million, slowing from the 7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.13 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. WSFS Financial has missed Wall Street's revenue estimates twice over the last two years. Looking at WSFS Financial's peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. City Holding delivered year-on-year revenue growth of 6.3%, beating analysts' expectations by 3%, and Texas Capital Bank reported revenues up 15.2%, topping estimates by 2.7%. Texas Capital Bank traded up 4.8% following the results. Read our full analysis of City Holding's results here and Texas Capital Bank's results here. There has been positive sentiment among investors in the regional banks segment, with share prices up 8.2% on average over the last month. WSFS Financial is up 8.7% during the same time and is heading into earnings with an average analyst price target of $63.25 (compared to the current share price of $57.99). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-07-2025
- Business
- Yahoo
Are You Looking for a Top Momentum Pick? Why WSFS Financial (WSFS) is a Great Choice
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at WSFS Financial (WSFS), which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. WSFS Financial currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> In order to see if WSFS is a promising momentum pick, let's examine some Momentum Style elements to see if this bank holding company holds up. A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area. For WSFS, shares are up 6.48% over the past week while the Zacks Financial - Savings and Loan industry is up 2.05% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 5.55% compares favorably with the industry's 1.27% performance as well. While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Over the past quarter, shares of WSFS Financial have risen 18.64%, and are up 18.53% in the last year. On the other hand, the S&P 500 has only moved 10.83% and 14.92%, respectively. Investors should also pay attention to WSFS's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. WSFS is currently averaging 364,265 shares for the last 20 days. The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with WSFS. Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. These revisions helped boost WSFS's consensus estimate, increasing from $4.59 to $4.61 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period. Given these factors, it shouldn't be surprising that WSFS is a #2 (Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep WSFS Financial on your short list. 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 This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-03-2025
- Business
- Yahoo
WSFS Financial Full Year 2024 Earnings: EPS Beats Expectations
Revenue: US$984.9m (up 6.3% from FY 2023). Net income: US$263.7m (down 2.0% from FY 2023). Profit margin: 27% (down from 29% in FY 2023). The decrease in margin was driven by higher expenses. EPS: US$4.43. Net interest margin (NIM): 3.82% (down from 4.11% in FY 2023). Non-performing loans: 0.93% (up from 0.58% in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.6%. Looking ahead, revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Performance of the American Banks industry. The company's share price is broadly unchanged from a week ago. While earnings are important, another area to consider is the balance sheet. See our latest analysis on WSFS Financial's balance sheet health. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
