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Unlocking Q3 Potential of East West Bancorp (EWBC): Exploring Wall Street Estimates for Key Metrics
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In its upcoming report, East West Bancorp (EWBC - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.69 per share, reflecting an increase of 2.7% compared to the same period last year. Revenues are forecasted to be $810.36 million, representing a year-over-year increase of 4.2%.
The current level reflects an upward revision of 0.6% 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 typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some East West Bancorp metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Net interest margin' will reach 3.4%. Compared to the current estimate, the company reported 3.5% in the same quarter of the previous year.
Analysts expect 'Efficiency ratio' to come in at 35.2%. Compared to the present estimate, the company reported 35.6% in the same quarter last year.
Analysts' assessment points toward 'Average Balance - Total interest-earning assets' reaching $82.06 billion. Compared to the present estimate, the company reported $76.21 billion in the same quarter last year.
The consensus among analysts is that 'Total nonperforming assets' will reach $250.96 million. The estimate is in contrast to the year-ago figure of $200.74 million.
Based on the collective assessment of analysts, 'Leverage ratio' should arrive at 11.1%. Compared to the present estimate, the company reported 10.7% in the same quarter last year.
It is projected by analysts that the 'Tier 1 capital ratio' will reach 15.5%. Compared to the current estimate, the company reported 14.8% in the same quarter of the previous year.
The average prediction of analysts places 'Total capital ratio' at 16.7%. The estimate compares to the year-ago value of 16.2%.
The collective assessment of analysts points to an estimated 'Total nonaccrual loans' of $215.02 million. Compared to the present estimate, the company reported $156.93 million in the same quarter last year.
Analysts forecast 'Net Interest Income' to reach $703.38 million. Compared to the present estimate, the company reported $677.53 million in the same quarter last year.
The combined assessment of analysts suggests that 'Total Noninterest Income' will likely reach $106.24 million. The estimate is in contrast to the year-ago figure of $100.52 million.
According to the collective judgment of analysts, 'Commercial and consumer deposit-related fees' should come in at $31.82 million. Compared to the present estimate, the company reported $28.41 million in the same quarter last year.
The consensus estimate for 'Foreign exchange income' stands at $15.00 million. The estimate is in contrast to the year-ago figure of $14.49 million.
Shares of East West Bancorp have experienced a change of -1.3% in the past month compared to the +1.4% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), EWBC is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Unlocking Q3 Potential of East West Bancorp (EWBC): Exploring Wall Street Estimates for Key Metrics
In its upcoming report, East West Bancorp (EWBC - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.69 per share, reflecting an increase of 2.7% compared to the same period last year. Revenues are forecasted to be $810.36 million, representing a year-over-year increase of 4.2%.
The current level reflects an upward revision of 0.6% 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 typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some East West Bancorp metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Net interest margin' will reach 3.4%. Compared to the current estimate, the company reported 3.5% in the same quarter of the previous year.
Analysts expect 'Efficiency ratio' to come in at 35.2%. Compared to the present estimate, the company reported 35.6% in the same quarter last year.
Analysts' assessment points toward 'Average Balance - Total interest-earning assets' reaching $82.06 billion. Compared to the present estimate, the company reported $76.21 billion in the same quarter last year.
The consensus among analysts is that 'Total nonperforming assets' will reach $250.96 million. The estimate is in contrast to the year-ago figure of $200.74 million.
Based on the collective assessment of analysts, 'Leverage ratio' should arrive at 11.1%. Compared to the present estimate, the company reported 10.7% in the same quarter last year.
It is projected by analysts that the 'Tier 1 capital ratio' will reach 15.5%. Compared to the current estimate, the company reported 14.8% in the same quarter of the previous year.
The average prediction of analysts places 'Total capital ratio' at 16.7%. The estimate compares to the year-ago value of 16.2%.
The collective assessment of analysts points to an estimated 'Total nonaccrual loans' of $215.02 million. Compared to the present estimate, the company reported $156.93 million in the same quarter last year.
Analysts forecast 'Net Interest Income' to reach $703.38 million. Compared to the present estimate, the company reported $677.53 million in the same quarter last year.
The combined assessment of analysts suggests that 'Total Noninterest Income' will likely reach $106.24 million. The estimate is in contrast to the year-ago figure of $100.52 million.
According to the collective judgment of analysts, 'Commercial and consumer deposit-related fees' should come in at $31.82 million. Compared to the present estimate, the company reported $28.41 million in the same quarter last year.
The consensus estimate for 'Foreign exchange income' stands at $15.00 million. The estimate is in contrast to the year-ago figure of $14.49 million.
View all Key Company Metrics for East West Bancorp here>>>Shares of East West Bancorp have experienced a change of -1.3% in the past month compared to the +1.4% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), EWBC is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .