Western Alliance (WAL) Expected to Exceed Q4 Earnings Estimates with EPS of $2.37
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Source: seekingalpha
- Earnings Expectations: Western Alliance is set to announce its Q4 earnings on January 26, with a consensus EPS estimate of $2.37, reflecting a 21.5% year-over-year growth, indicating sustained profitability.
- Revenue Forecast: The revenue estimate for Q4 stands at $913.87 million, representing a 9.0% year-over-year increase, showcasing the company's robust performance and growth potential in the market.
- Historical Performance: Over the past year, Western Alliance has beaten EPS estimates 50% of the time and revenue estimates 100% of the time, underscoring its financial reliability and market confidence.
- Estimate Revisions: In the last three months, EPS estimates have seen three upward revisions and eleven downward adjustments, while revenue estimates experienced six upward revisions and three downward adjustments, reflecting market divergence regarding the company's future performance.
Analyst Views on WAL
Wall Street analysts forecast WAL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WAL is 101.38 USD with a low forecast of 85.00 USD and a high forecast of 115.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
9 Buy
0 Hold
1 Sell
Strong Buy
Current: 88.420
Low
85.00
Averages
101.38
High
115.00
Current: 88.420
Low
85.00
Averages
101.38
High
115.00
About WAL
Western Alliance Bancorporation is a bank holding company. It provides a full spectrum of customized loan, deposit and treasury management capabilities, including funds transfer and other digital payment offerings through its wholly owned banking subsidiary, Western Alliance Bank. It operates through its banking divisions: Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank. The Company also provides an array of specialized financial services to business customers across the country, including mortgage banking services through AmeriHome, treasury management services to the homeowner's association sector, and digital payment services for the class-action legal industry. It has two non-bank subsidiaries, such as CS Insurance Company (CSI) and Western Alliance Trust Company, N.A. (WATC). CSI is a captive insurance company. WATC provides corporate trust services and levered loan administration solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
