Western Alliance Bancorporation: Here’s What Investors Need to Know Before Earnings
Western Alliance Bancorporation (NYSE:WAL) will report earnings after markets close on Thursday, July 18th. Western Alliance Bancorp is a multi-bank holding company. The Company provides a full range of banking and related services to businesses and consumers in Nevada, Arizona, and California.
Here is your Cheat Sheet to Western Alliance Bancorporation Earnings:
Earnings Expectations: Analysts expect earnings of $0.27 per share on revenues of $88.49 million. Currently, the company’s P/E ratio stands at 17.36.
Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.27 to a profit $0.28. For the current year, the average estimate is a profit of $1.07, which is better than the estimate ninety days ago.
Here’s how Western Alliance Bancorporation has been performing on an annual basis:
|Revenue ($) in millions||179||261||329||331||363|
|Diluted EPS ($)||-7.28||-2.74||-0.23||0.19||0.83|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||85.24||85.65||108.81||87.01|
|Diluted EPS ($)||0.15||0.18||0.37||0.24|
Western Alliance Bancorporation has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)