Community West Bancshares reports results for the quarter ended in June - Earnings Summary

Community West Bancshares

23/07/2024 22:01

* Community West Bancshares  CWBC.OQ  reported quarterly
adjusted
earnings of 42 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 54 cents.  The mean expectation of five analysts for the
quarter was for a loss of 21 cents per share. Wall Street
expected results to range from -52 cents to 11 cents per share.
    * Revenue rose 43.8% to $29.06 million from a year ago;
analysts
expected $34.43 million. 
    * Community West Bancshares's reported EPS for the quarter
was a
loss of 33 cents​.
    * The company reported a quarterly loss of $6.29 million.
    * Community West Bancshares shares had risen by 14.6% this
quarter and lost 5.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 $22.50 
This summary was machine generated from LSEG data July 23 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.21          0.42           Beat
 Mar. 31 2024      0.45           0.31           Missed
 Dec. 31 2023      0.51           0.50           Missed
 Sep. 30 2023      0.53           0.54           Beat