Community West Bancshares reports results for the quarter ended December 31 - Earnings Summary

Community West Bancshares

24/01/2025 12:00

* Community West Bancshares  CWBC.OQ  reported quarterly
adjusted
earnings of 36 cents​​ per share for the quarter ended December
31, lower than the same quarter last year, when the company
reported EPS of 50 cents.  The mean expectation of five analysts
for the quarter was for earnings of 45 cents per share. Wall
Street expected results to range from 44 cents to 47 cents per
share.
    * Revenue rose 59.2% to $32.02 million from a year ago;
analysts
expected $31.85 million. 
    * Community West Bancshares's reported EPS for the quarter
was 36
cents​.
    * The company reported quarterly net income of $6.9 million.
    * Community West Bancshares shares had fallen by 2.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Community West
Bancshares is $23.50 
This summary was machine generated from LSEG data January 24 at
12:00 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.45           0.36           Missed
 Sep. 30 2024      0.38           0.18           Missed
 Jun. 30 2024      -0.21          0.42           Beat
 Mar. 31 2024      0.45           0.31           Missed