Westamerica Bancorp reports results for the quarter ended in March - Earnings Summary

Westamerica Bancorp

20/04/2023 16:21

* Westamerica Bancorp  WABC.OQ  reported quarterly adjusted
earnings of $1.51​​ per share for the quarter ended in March.
The mean expectation of four analysts for the quarter was
for earnings of $1.37 per share.
    * Revenue rose 43.9% to $79.70 million from a year ago;
analysts
expected $81.19 million. 
    * Westamerica Bancorp's reported EPS for the quarter was
$1.51​.
    * The mean earnings estimate of analysts had fallen by
about 6% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Westamerica Bancorp shares had fallen by 7.0% this
quarter and
lost 30.2% so far this year.
    * The company reported quarterly net income of $40.45
million.
    * Wall Street's median 12-month price target for Westamerica
Bancorp is $55.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 20 at 03:20 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.37           1.51           Beat
 Dec. 31 2022      1.45           1.46           Beat
 Sep. 30 2022      1.00           1.29           Beat
 Jun. 30 2022      0.84           0.94           Beat