East West Bancorp Inc expected to post earnings of $2.14 a share - Earnings Preview

East West Bancorp

18/07/2023 14:31

* East West Bancorp Inc  EWBC.OQ   EWBC.O  is expected
to show a
rise in quarterly revenue when it reports  results on July 20. 
    * The Pasadena California-based  company is expected to
report  a
26.7% increase in revenue to $599.448 million from $472.95
million a year ago, according to the mean estimate from 8
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for East West Bancorp
Inc is
for earnings of $2.14 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for East West
Bancorp
Inc is $65​, above​ its last closing price of $57.74. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  2.21        2.20       2.32      Beat    5.4
 Dec. 31 2023  2.25        2.24       2.37      Beat    6
 Sep. 30 2022  2.11        2.10       2.08      Missed  -0.9​
 Jun. 30 2022  1.70        1.70       1.81      Beat    6.6
 ​​Mar.        1.52        1.52       1.66      Beat    9.3
 31 2022                                                
 Dec. 31 2021  1.57        1.56       1.52      Missed  -2.7​
 Sep. 30 2021  1.52        1.51       1.57      Beat    4.1
 Jun. 30 2021  1.38        1.39       1.57      Beat    13.1
 This summary was machine generated July 18 at 13:31 GMT.  All
figures in US dollars  unless otherwise stated