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Unveiling East West Bancorp (EWBC) Q3 Outlook: Wall Street Estimates for Key Metrics
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Wall Street analysts expect East West Bancorp (EWBC - Free Report) to post quarterly earnings of $2.35 per share in its upcoming report, which indicates a year-over-year increase of 12.4%. Revenues are expected to be $723.78 million, up 10.1% from the year-ago quarter.
The current level reflects an upward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain East West Bancorp metrics that are commonly tracked and forecasted by Wall Street analysts.
It is projected by analysts that the 'Net interest margin' will reach 3.4%. Compared to the present estimate, the company reported 3.2% in the same quarter last year.
The average prediction of analysts places 'Efficiency ratio' at 36.0%. The estimate is in contrast to the year-ago figure of 34.4%.
The consensus among analysts is that 'Leverage ratio' will reach 10.7%. Compared to the present estimate, the company reported 10.4% in the same quarter last year.
Based on the collective assessment of analysts, 'Total capital ratio' should arrive at 15.8%. The estimate is in contrast to the year-ago figure of 15.4%.
Analysts expect 'Average Balance - Total interest-earning assets' to come in at $75.34 billion. Compared to the current estimate, the company reported $70.26 billion in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Tier 1 capital ratio' will likely reach 14.6%. The estimate is in contrast to the year-ago figure of 14.1%.
Analysts' assessment points toward 'Total nonaccrual loans' reaching $159.75 million. The estimate is in contrast to the year-ago figure of $146.86 million.
Analysts forecast 'Total nonperforming assets' to reach $197.96 million. Compared to the current estimate, the company reported $195.47 million in the same quarter of the previous year.
The consensus estimate for 'Total Noninterest Income' stands at $90.04 million. Compared to the present estimate, the company reported $84.76 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Net Interest Income' of $633.62 million. The estimate compares to the year-ago value of $572.72 million.
Analysts predict that the 'Commercial and consumer deposit-related fees' will reach $28.08 million. The estimate compares to the year-ago value of $26.82 million.
According to the collective judgment of analysts, 'Lending fees' should come in at $27.57 million. Compared to the present estimate, the company reported $26.45 million in the same quarter last year.
Shares of East West Bancorp have demonstrated returns of -5.9% over the past month compared to the Zacks S&P 500 composite's +0.9% change. With a Zacks Rank #3 (Hold), EWBC is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Unveiling East West Bancorp (EWBC) Q3 Outlook: Wall Street Estimates for Key Metrics
Wall Street analysts expect East West Bancorp (EWBC - Free Report) to post quarterly earnings of $2.35 per share in its upcoming report, which indicates a year-over-year increase of 12.4%. Revenues are expected to be $723.78 million, up 10.1% from the year-ago quarter.
The current level reflects an upward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain East West Bancorp metrics that are commonly tracked and forecasted by Wall Street analysts.
It is projected by analysts that the 'Net interest margin' will reach 3.4%. Compared to the present estimate, the company reported 3.2% in the same quarter last year.
The average prediction of analysts places 'Efficiency ratio' at 36.0%. The estimate is in contrast to the year-ago figure of 34.4%.
The consensus among analysts is that 'Leverage ratio' will reach 10.7%. Compared to the present estimate, the company reported 10.4% in the same quarter last year.
Based on the collective assessment of analysts, 'Total capital ratio' should arrive at 15.8%. The estimate is in contrast to the year-ago figure of 15.4%.
Analysts expect 'Average Balance - Total interest-earning assets' to come in at $75.34 billion. Compared to the current estimate, the company reported $70.26 billion in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Tier 1 capital ratio' will likely reach 14.6%. The estimate is in contrast to the year-ago figure of 14.1%.
Analysts' assessment points toward 'Total nonaccrual loans' reaching $159.75 million. The estimate is in contrast to the year-ago figure of $146.86 million.
Analysts forecast 'Total nonperforming assets' to reach $197.96 million. Compared to the current estimate, the company reported $195.47 million in the same quarter of the previous year.
The consensus estimate for 'Total Noninterest Income' stands at $90.04 million. Compared to the present estimate, the company reported $84.76 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Net Interest Income' of $633.62 million. The estimate compares to the year-ago value of $572.72 million.
Analysts predict that the 'Commercial and consumer deposit-related fees' will reach $28.08 million. The estimate compares to the year-ago value of $26.82 million.
According to the collective judgment of analysts, 'Lending fees' should come in at $27.57 million. Compared to the present estimate, the company reported $26.45 million in the same quarter last year.
View all Key Company Metrics for East West Bancorp here>>>Shares of East West Bancorp have demonstrated returns of -5.9% over the past month compared to the Zacks S&P 500 composite's +0.9% change. With a Zacks Rank #3 (Hold), EWBC is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .