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

East West Bancorp

19/10/2023 17:41

* East West Bancorp Inc  EWBC.OQ  reported quarterly
adjusted
earnings of $2.02​​ per share for the quarter ended in
September. The mean expectation of thirteen analysts for the
quarter was for earnings of $2.02 per share.
    * Revenue rose 3.4% to $570.81 million from a year ago;
analysts
expected $586.10 million. 
    * East West Bancorp Inc's reported EPS for the quarter was
$2.02​.
    * The mean earnings estimate of analysts had fallen by
about 3.7%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * East West Bancorp Inc shares had fallen by 2.3% this
quarter and
lost 21.9% so far this year.
    * The company reported quarterly net income of $287.74
million.
    * Wall Street's median 12-month price target for East West
Bancorp
Inc is $67.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 19 at 04:41 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      2.02           2.02           Met
 Jun. 30 2023      2.22           2.20           Missed
 Mar. 31 2023      2.20           2.32           Beat
 Dec. 31 2022      2.24           2.37           Beat