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.
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 $0.63, which is the same as the estimate ninety days ago.
Here’s how Wilshire Bancorp has been performing on an annual basis:
|Revenue ($) 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|
Wilshire Bancorp 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)