Western Alliance Bancorporation Second Quarter Earnings Sneak Peek

Western Alliance Bancorporation (NYSE:WAL) will unveil its latest earnings on Thursday, July 19, 2012. Western Alliance Bancorporation, through its subsidiary banks, provides a range of banking and related services to businesses, professional firms, real estate developers and investors, local nonprofit organizations, high net worth individuals, and consumers.

Western Alliance Bancorporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 13 cents per share, a rise of more than twofold from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 14 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 13 cents during the last month. Analysts are projecting profit to rise by 172.7% versus last year to 60 cents.

Past Earnings Performance: The company fell in line with estimates last quarter after missing in the prior quarter. After falling short of the mean estimate by 2 cents in the fourth quarter of the last fiscal year, the company fell in line with expectations by reporting profit of 12 cents last quarter.

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A Look Back: In the first quarter, profit rose more than twofold to $11.3 million (12 cents a share) from $5.2 million (3 cents a share) the year earlier, meeting analyst expectations. Revenue rose 5.7% to $83.3 million from $78.8 million.

Stock Price Performance: Between May 16, 2012 and July 13, 2012, the stock price had risen $1.08 (12.9%), from $8.40 to $9.48. It saw one of its worst periods between May 11, 2012 and May 18, 2012 when shares fell for six straight days, dropping 7% (-62 cents) over that span. The stock price saw one of its best stretches over the last year between June 25, 2012 and July 3, 2012, when shares rose for seven straight days, increasing 11.8% (+$1) over that span.

Wall St. Revenue Expectations: On average, analysts predict $76.2 million in revenue this quarter, a rise of 4.6% from the year-ago quarter. Analysts are forecasting total revenue of $307 million for the year, a rise of 5.1% from last year’s revenue of $292.1 million.

Key Stats:

On the top line, the company is looking to build on three-straight revenue increases heading into this earnings announcement. Revenue increased 5.2% in the third quarter of the last fiscal year and 14.1% in the fourth quarter of the last fiscal year before climbing again in the first quarter.

Analyst Ratings: With five analysts rating the stock a buy, none rating it a sell and four rating the stock a hold, there are indications of a bullish stance by analysts. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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