West Coast Bancorp Quarterly Earnings on Deck

West Coast Bancorp (NASDAQ:WCBO) will unveil its latest earnings on Friday, October 28, 2011. West Coast Bancorp is a bank holding company through its subsidiaries which provides a full range of financial services including lending and depository services through 64 branch banking offices in Oregon and Washington.

West Coast Bancorp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 27 cents per share, a rise of 8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 30 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 28 cents during the last month. Analysts are projecting profit to rise by 520% versus last year to $1.24.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the first quarter, it reported net income of 22 cents per share against a mean estimate of 28 cents. Two quarters ago, it beat expectations by 5 cents with profit of 25 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 5.4% in revenue from the year-earlier quarter to $31.6 million. Analyst Ratings: Analysts are bullish on this stock with three analysts rating it as a buy, none rating it as a sell and one rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

A Look Back: In the first quarter, the company swung to a profit of $5.1 million (25 cents a share) from a loss of $888,000 (5 cents) a year earlier, but missed analyst estimates. Revenue rose 0.7% to $33.8 million from $33.6 million.

Key Stats: Revenue has gone up for three straight quarters. It rose 64% in the fourth quarter of the last fiscal year from the year earlier and 4.4% in the third quarter of the last fiscal year.

Competitors to Watch: Cascade Bancorp (NASDAQ:CACB), Pacific Continental Corp. (NASDAQ:PCBK), Wells Fargo & Company (NYSE:WFC), Bank of America Corp. (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), U.S. Bancorp (NYSE:USB), Columbia Banking System, Inc. (NASDAQ:COLB), and Frontier Financial Corp. (FTBK).

Stock Price Performance: During September 26, 2011 to October 24, 2011, the stock price had risen $2.26 (16.2%) from $13.94 to $16.20. It saw one of its worst periods between July 20, 2011 and July 29, 2011 when shares fell for eight-straight days, falling 8.3% (-$1.47) over that span. The stock price saw one of its best stretches over the last year between January 6, 2011 and January 12, 2011 when shares rose for five-straight days, rising 10.9% (+$1.65) over that span. Shares are up $2.10 (+14.9%) year to date.

(Source: Xignite Financials)

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