East West Bancorp Inc reports results for the quarter ended in June - Earnings Summary

East West Bancorp

21/07/2022 15:11

* East West Bancorp Inc  EWBC.OQ  reported quarterly
adjusted
earnings of $1.81​​ per share for the quarter ended in June. The
mean expectation of nine analysts for the quarter was
for earnings of $1.70 per share.
    * Revenue rose 25.6% to $472.95 million from a year ago; 
analysts
expected $455.87 million. 
    * East West Bancorp Inc's reported EPS for the quarter was
$1.81​.
    * The mean earnings estimate of analysts had risen by
about 1.2%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * East West Bancorp Inc shares had risen by 9.8% this
quarter and
lost 9.6% so far this year.
    * The company reported quarterly net income of $258.33
million.
    * Wall Street's median 12-month price target for East West
Bancorp
Inc is $89.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated July 21 at 02:11 p.m.  ​All
figures in US dollars unless otherwise stated.
 QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      1.70           1.81           Beat
 Mar. 31 2022      1.52           1.66           Beat
 Dec. 31 2021      1.56           1.52           Missed
 Sep. 30 2021      1.51           1.57           Beat
 This summary was machine generated from Refinitiv data July 21
at 02:11 p.m