Beacon Financial Corporation reports results for the quarter ended September 30 - Earnings Summary

• Beacon Financial Corporation BBT.N reported quarterly adjusted earnings of 73 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 44 cents. The mean expectation of seven analysts for the quarter was for earnings of 79 cents per share. Wall Street expected results to range from 76 cents to 82 cents per share.

• Revenue rose 53.9% to $223.15 million from a year ago; analysts expected $224.14 million.

• Beacon Financial Corporation's reported EPS for the quarter was 73 cents​.

• The company reported quarterly net income of $61.18 million.

• Beacon Financial Corporation shares had fallen by 0.3% this quarter and gained 5.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for Beacon Financial Corporation is $33.00, about 15.2% above its last closing price of $28.00

This summary was machine generated from LSEG data October 21 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)