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

Westamerica Bancorp

18/04/2024 17:04

* Westamerica Bancorp  WABC.OQ  reported quarterly adjusted
earnings of $1.37​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of $1.51.  The mean expectation of three analysts for the
quarter was for earnings of $1.37 per share. Wall Street
expected results to range from $1.34  to $1.39 per share.
    * Revenue fell 4.8% to $75.84 million from a year ago;
analysts
expected $77.52 million. 
    * Westamerica Bancorp's reported EPS for the quarter was
$1.37​.
    * The company reported quarterly net income of $36.42
million.
    * Westamerica Bancorp shares had fallen by 6.9% this
quarter and
lost 19.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Westamerica
Bancorp is $58.00 

This summary was machine generated from LSEG data April 18 at
04:04 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      1.37           1.37           Met
 Dec. 31 2023      1.46           1.48           Beat
 Sep. 30 2023      1.44           1.56           Beat
 Jun. 30 2023      1.39           1.51           Beat