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.

Analyst Trends:

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.

Earnings Trends:

Here’s how Western Alliance Bancorporation has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
Western Alliance Bancorporation has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)