Inside Western Alliance Bancorp’s Upcoming Second Quarter Earnings Release

Western Alliance Bancorporation (NASDAQ:WAL) will unveil its latest earnings on Thursday, July 21, 2011. Western Alliance Bancorporation a bank holding company provides a range of banking & related services to businesses, professional firms, real estate developers & investors, local nonprofit organizations, high net worth individuals & consumers. Investing in Banks: Mortgage Troubles Still Looming Large>>

Western Alliance Bancorporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 4 cents per share, a swing from net loss of 3 cents in the year earlier quarter. During the past three months, the average estimate has moved up from 3 cents. For the year, analysts are projecting net income of 22 cents per share, a swing from a loss of 22 cents last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported profit of 4 cents per share against a mean estimate of 0 cents per share. In the fourth quarter of the last fiscal year, it missed forecasts by 12 cents.

Savvy Investing Tip: Our CHEAT SHEET investing framework recommends only stocks with two straight quarters of earnings growth. Learn More >>

Wall St. Revenue Expectations: On average, analysts predict $68.9 million in revenue this quarter, a rise of 7.8% from the year ago quarter. Analysts are forecasting total revenue of $277.7 million for the year, a decline of 0.6% from last year’s revenue of $279.4 million.

Analyst Ratings: Analysts seem relatively indifferent about Western Alliance with eight of 15 analysts surveyed maintaining a hold rating.

Key Stats:

A year-over-year revenue decrease in the first quarter snaps a streak of three consecutive quarters of revenue increases. Revenue fell 5.6% in the first quarter and rose 3.5%in the fourth quarter of the last fiscal year, 11% in the third quarter of the last fiscal year and 9.5% in the second quarter of the last fiscal year.

Competitors to Watch: Guaranty Bancorp (NASDAQ:GBNK), Zions Bancorporation (NASDAQ:ZION), People’s United Financial, Inc. (NASDAQ:PBCT), Wells Fargo & Company (NYSE:WFC), First State Bancorp., NM (FSNM), CoBiz Financial Inc (NASDAQ:COBZ), Heritage Oaks Bancorp (NASDAQ:HEOP), and Wilshire Bancorp, Inc. (NASDAQ:WIBC).

Stock Price Performance: During May 18, 2011 to July 15, 2011, the stock price had fallen 92 cents (-11.9%) from $7.76 to $6.84. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six-straight days, rising 8.4% (+56 cents) over that span. It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven-straight days, falling 9.1% (-67 cents) over that span. Shares are down 52 cents (-7.1%) year to date.

(Source: Xignite Financials)

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