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

East West Bancorp

20/07/2023 14:32

* East West Bancorp Inc  EWBC.OQ  reported quarterly
adjusted
earnings of $2.20​​ per share for the quarter ended in June. The
mean expectation of twelve analysts for the quarter was
for earnings of $2.22 per share.
    * Revenue rose 19.8% to $566.75 million from a year ago;
analysts
expected $599.45 million. 
    * East West Bancorp Inc's reported EPS for the quarter was
$2.20​.
    * The mean earnings estimate of analysts had risen by
about 2.1%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates 
    * East West Bancorp Inc shares had risen by 16.7% this
quarter and
lost 6.5% so far this year.
    * The company reported quarterly net income of $312.03
million.
    * Wall Street's median 12-month price target for East West
Bancorp
Inc is $65.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
20 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      2.22           2.20           Missed
 Mar. 31 2023      2.20           2.32           Beat
 Dec. 31 2022      2.24           2.37           Beat
 Sep. 30 2022      2.10           2.08           Missed