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

East West Bancorp

20/04/2023 14:32

* East West Bancorp Inc  EWBC.OQ  reported quarterly
adjusted
earnings of $2.32​​ per share for the quarter ended in March.
The mean expectation of twelve analysts for the quarter was
for earnings of $2.20 per share.
    * Revenue rose 44.3% to $599.86 million from a year ago;
analysts
expected $602.29 million. 
    * East West Bancorp Inc's reported EPS for the quarter was
$2.37​.
    * The mean earnings estimate of analysts had risen by
about 2.8%
in the last three months.​ 
    * In the last 30 days, ten analysts negatively revised
earnings
estimates 
    * East West Bancorp Inc shares had risen by 0.3% this
quarter and
lost 15.5% so far this year.
    * The company reported quarterly net income of $322 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
April 20 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      1.70           1.81           Beat