East West Bancorp EWBC Ltd. is set to announce its Latest Quarterly Earnings Report on Thursday, 2023-04-20. Here’s what investors need to know ahead of the announcement.
Analysts Expect East West Bancorp to Report a earnings per share (EPS) $2.20.
East West Bancorp’s bulls will be hoping to hear the company announce that they not only beat that estimate, but also provided positive guidance or forecasted growth for next quarter.
New investors should note that it is sometimes not the earnings or lack thereof that affect a stock’s price, but the guidance (or forecast).
The company beat EPS by $0.13 last quarter, leading to a 1.77% increase in share price the next day.
Here’s a look at East West Bancorp’s past performance and the resulting price change:
| quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 2.24 | 2.09 | 1.68 | 1.52 |
| eps actual | 2.37 | 2.08 | 1.81 | 1.66 |
| price change % | 1.77% | 3.59% | -2.43% | -2.63% |
| quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 2.24 | 2.09 | 1.68 | 1.52 |
| eps actual | 2.37 | 2.08 | 1.81 | 1.66 |
| price change % | 1.77% | 3.59% | -2.43% | -2.63% |
stock performance
Shares of East West Bancorp were trading at $53.01 as of April 18. Over the last 52-week period, shares are down 31.93%. Given that these returns are typically negative, long-term shareholders are likely to be bearish in this earnings release.
To track all earnings releases for East West Bancorp visit their earnings calendar on our site.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
