East West Bancorp Inc reports results for the quarter ended in September 30 - Earnings Summary
23/10/2024 05:14
* East West Bancorp Inc EWBC.OQ reported quarterly
adjusted
earnings of $2.09 per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of $2.02. The mean expectation of fifteen analysts
for the quarter was for earnings of $2.06 per share. Wall Street
expected results to range from $1.97 to $2.13 per share.
* Revenue rose 0.3% to $572.72 million from a year ago;
analysts
expected $561.26 million.
* East West Bancorp Inc's reported EPS for the quarter was
$2.14.
* The company reported quarterly net income of $299.17
million.
* East West Bancorp Inc shares had risen by 7.7% this
quarter and
gained 23.8% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 0.8%
in the last three months.
* In the last 30 days, three analysts negatively revised
earnings
estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the banks peer
group is
also "buy"
Wall Street's median 12-month price target for East West Bancorp
Inc is $100.00
This summary was machine generated from LSEG data October 23 at
04:14 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
Sep. 30 2024 2.06 2.09 Beat
Jun. 30 2024 1.98 2.07 Beat
Mar. 31 2024 2.00 2.08 Beat
Dec. 31 2023 1.89 2.04 Beat