West Coast Bancorp (NASDAQ:WCBO) will unveil its latest earnings on Thursday, October 25, 2012. 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 analyst estimate is for profit of 27 cents per share, a decline of 6.9% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 25 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 27 cents during the last month. For the year, analysts are projecting net income of $1.08 per share, a decline of 31.6% from last year.
Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported profit of 28 cents per share against a mean estimate of net income of 26 cents, and the quarter before, the company exceeded forecasts by 4 cents with profit of 27 cents versus a mean estimate of net income of 23 cents.
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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, beating analyst estimates. Revenue rose 0.7% to $33.8 million from $33.6 million.
Wall St. Revenue Expectations: Analysts are projecting a rise of 11% in revenue from the year-earlier quarter to $30.8 million.
Analyst Ratings: With two analysts rating the stock as a buy, none rating it as a sell and two rating it as a hold, there are indications of a bullish outlook.
On the top line, the company is looking to build on three-straight revenue increases heading into this earnings announcement. Revenue increased 4.4% in the third quarter of the last fiscal year and 64% in the fourth quarter of the last fiscal year before climbing again in the first quarter.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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