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

WaFd

23/04/2024 22:01

* WaFd Inc  WAFD.OQ  reported quarterly adjusted earnings of
17
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 95
cents.  The mean expectation of four analysts for the quarter
was for earnings of 49 cents per share. Wall Street expected
results to range from 27 cents to 67 cents per share.
    * Revenue fell 9.4% to $158.60 million from a year ago;
analysts
expected $160.07 million. 
    * WaFd Inc's reported EPS for the quarter was 17 cents​.
    * The company reported quarterly net income of $12.23
million.
    * WaFd Inc shares had fallen by 3.2% this quarter and
lost 14.7%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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
$33.50 
This summary was machine generated from LSEG data April 23 at
09:01 p.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
 Mar. 31 2024      0.49           0.17           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