WaFd Inc reports results for the quarter ended in December - Earnings Summary

WaFd

17/01/2024 01:40

* WaFd Inc  WAFD.OQ  reported quarterly adjusted earnings of
85
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
$1.16.  The mean expectation of four analysts for the quarter
was for earnings of 77 cents per share. Wall Street expected
results to range from 60 cents to 86 cents per share.
    * Revenue rose 66.6% to $304.47 million from a year ago;
analysts
expected $164.81 million. 
    * WaFd Inc's reported EPS for the quarter was 85 cents​.
    * The company reported quarterly net income of $54.8
million.
    * WaFd Inc shares had fallen by 6.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
 "hold."

Wall Street's median 12-month price target for WaFd Inc is
$36.00 
This summary was machine generated from LSEG data January 17 at
01:39 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
 Dec. 31 2023      0.77           0.85           Beat
 Sep. 30 2023      0.89           0.72           Missed
 Jun. 30 2023      0.94           0.89           Missed
 Mar. 31 2023      1.07           0.95           Missed