Wilshire Bancorp Earnings: What Investors Should Watch

Wilshire Bancorp (NASDAQ:WIBC) will report earnings after markets close on Monday, July 22nd. Wilshire Bancorp, Inc. is the holding company of Wilshire State Bank, which serves businesses and consumers in Los Angeles and Orange Counties in California and also has loan offices in Northern California, Washington, Oklahoma, Nevada and Texas. The Bank specializes in making Small Business Administration and other loans to minority-owned businesses.

Here is your Cheat Sheet to Wilshire Bancorp Earnings:

Earnings Expectations: Analysts expect earnings of $0.15 per share on revenues of $32.24 million. Currently, the company’s P/E ratio stands at 6.27.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.16 to a profit $0.15. For the current year, the average estimate is a profit of $0.63, which is the same as the estimate ninety days ago.

Earnings Trends:

Here’s how Wilshire Bancorp has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 169 216 192 154 145
Diluted EPS ($) 0.90 0.56 -0.95 -0.61 1.31

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 ($) in millions 37.31 36.31 35.96 37.47
Diluted EPS ($) 0.31 0.54 0.21 0.16

Past Performance:
Wilshire Bancorp 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)