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WaFd (WAFD) Reports Q1 Earnings: What Key Metrics Have to Say
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For the quarter ended December 2024, WaFd (WAFD - Free Report) reported revenue of $171.13 million, up 2.8% over the same period last year. EPS came in at $0.62, compared to $0.85 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $192.97 million, representing a surprise of -11.32%. The company delivered an EPS surprise of -10.14%, with the consensus EPS estimate being $0.69.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how WaFd performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Non-performing Assets: $68.79 million versus the two-analyst average estimate of $84.09 million.
Average balance - Total interest-earning assets: $25.80 billion compared to the $26.39 billion average estimate based on two analysts.
Efficiency Ratio: 65% compared to the 58.3% average estimate based on two analysts.
Net Interest Margin: 2.4% versus 2.6% estimated by two analysts on average.
Total Non-accrual loans: $61.27 million versus the two-analyst average estimate of $76.21 million.
Total noninterest income: $15.70 million compared to the $16.84 million average estimate based on two analysts.
Net Interest Income: $155.43 million compared to the $174.45 million average estimate based on two analysts.
Shares of WaFd have returned -1% over the past month versus the Zacks S&P 500 composite's -1.6% 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.
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WaFd (WAFD) Reports Q1 Earnings: What Key Metrics Have to Say
For the quarter ended December 2024, WaFd (WAFD - Free Report) reported revenue of $171.13 million, up 2.8% over the same period last year. EPS came in at $0.62, compared to $0.85 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $192.97 million, representing a surprise of -11.32%. The company delivered an EPS surprise of -10.14%, with the consensus EPS estimate being $0.69.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how WaFd performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Non-performing Assets: $68.79 million versus the two-analyst average estimate of $84.09 million.
- Average balance - Total interest-earning assets: $25.80 billion compared to the $26.39 billion average estimate based on two analysts.
- Efficiency Ratio: 65% compared to the 58.3% average estimate based on two analysts.
- Net Interest Margin: 2.4% versus 2.6% estimated by two analysts on average.
- Total Non-accrual loans: $61.27 million versus the two-analyst average estimate of $76.21 million.
- Total noninterest income: $15.70 million compared to the $16.84 million average estimate based on two analysts.
- Net Interest Income: $155.43 million compared to the $174.45 million average estimate based on two analysts.
View all Key Company Metrics for WaFd here>>>Shares of WaFd have returned -1% over the past month versus the Zacks S&P 500 composite's -1.6% 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.