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

Community West Bancshares

19/04/2024 04:32

* Community West Bancshares  CWBC.OQ  reported quarterly
adjusted
earnings of 31 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 59 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 43 cents to 50 cents per share.
    * Revenue fell 5.5% to $20.13 million from a year ago;
analysts
expected $20.18 million. 
    * Community West Bancshares's reported EPS for the quarter
was 31
cents​.
    * The company reported quarterly net income of $3.68
million.
    * Community West Bancshares shares had fallen by 8.3% this
quarter and lost 18.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.7%
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 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
 "hold."

Wall Street's median 12-month price target for Community West
Bancshares is $24.00 
This summary was machine generated from LSEG data April 19 at
03:31 a.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
 Mar. 31 2024      0.45           0.31           Missed
 Dec. 31 2023      0.51           0.50           Missed
 Sep. 30 2023      0.53           0.54           Beat
 Jun. 30 2023      0.60           0.54           Missed