Brace yourselves for the unveiling of East West Bancorp's (NASDAQ: EWBC) third quarter financial results on Tuesday 22nd October 2024. This eagerly awaited announcement will take place after market close.
the company is expected to report an estimated per share $2.06 profit for the quarter, as predicted by financial analysts on Wall Street. Furthermore, the company is anticipated to disclose a total revenue of $561.26 million during this period.
The company's earnings report for the same quarter in the previous year revealed a per-share income of $2.02, attributed to the company's total revenue of $570.81 million.
According to the Wall Street analysts projections, the company is expected to generate a total revenue of $2.23 billion for the fiscal year. Additionally, these analysts anticipate that the company will report profit of $8.2 per share during the same period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $2.07 | -5.9% | 553.23 M | -2.4% |
| Q1 2024 | $2.08 | -10.3% | 565.14 M | -5.8% |
| Q4 2023 | $2.02 | -14.8% | 574.83 M | -5.1% |
| Q3 2023 | $2.02 | -2.9% | 570.81 M | +3.4% |
| Q2 2023 | $2.20 | +21.5% | 566.75 M | +19.8% |
| *Growth on year-over-year basis | ||||
In addition, The firm will review the third quarter financial results on 22nd October 2024 at 05:00 PM eastern time, in a conference call with public.
East West Bancorp (EWBC) shares experienced a range of $91.63 to $93.07 on a day volume of 998.90 thousand shares. The stock closed Friday's regular trading session at $91.83, showing a 1.33 percent decline.
