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

Westamerica Bancorp

20/10/2022 16:31

* Westamerica Bancorp  WABC.OQ  reported quarterly adjusted
earnings of $1.29​​ per share for the quarter ended in
September. The mean expectation of three analysts for the
quarter was for earnings of $1.00 per share.
    * Revenue rose 33% to $72.60 million from a year ago;
analysts
expected $63.05 million. 
    * Westamerica Bancorp's reported EPS for the quarter was
$1.29​.
    * The mean earnings estimate of analysts had risen by
about 8.8%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Westamerica Bancorp shares had risen by 4.1% this
quarter and
lost 5.7% so far this year.
    * The company reported quarterly net income of $34.76
million.
    * Wall Street's median 12-month price target for Westamerica
Bancorp is $67.00 
    * 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 Refinitiv data October
20 at 03:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      1.00           1.29           Beat
 Jun. 30 2022      0.84           0.94           Beat
 Mar. 31 2022      0.78           0.84           Beat
 Dec. 31 2021      0.82           0.81           Missed