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Earnings Outlook for Western Alliance Bancorp

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Benzinga Insights
·2 min read
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Western Alliance Bancorp (NYSE:WAL) releases its next round of earnings this Thursday, January 21. Get the latest predictions in Benzinga's essential guide to the company's Q4 earnings report.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Wall Street expects EPS of $1.32 and sales around $318.74 million. Western Alliance Bancorp earnings in the same period a year ago was $1.25 per share. Quarterly sales came in at $288.00 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

View more earnings on WAL

If the company were to report earnings in line when it publishes results Thursday, earnings would be up 5.6%. Revenue would be up 10.67% on a year-over-year basis. Here is how the company's reported EPS has compared to analyst estimates in the past:

EPS Estimate

1.04

0.78

0.71

1.20

EPS Actual

1.36

0.93

0.83

1.25

Revenue Estimate

311.94 M

307.92 M

286.56 M

286.77 M

Revenue Actual

305.34 M

319.67 M

274.13 M

288.00 M

Stock Performance

Shares of Western Alliance Bancorp were trading at $70.65 as of January 19. Over the last 52-week period, shares are up 21.89%. Given that these returns are generally positive, long-term shareholders are probably happy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Western Alliance Bancorp is scheduled to hold the call at 12:00:00 ET and can be accessed here.

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