Western Alliance's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Western Alliance (NYSE:WAL) is set to release its quarterly earnings report on October 19, 2023. Analysts estimate an earnings per share (EPS) of $1.90. The company's past performance shows a trend of share price increase following the earnings release, despite missing EPS estimates. The stock is currently trading at $47.49, down 20.45% over the last 52-week period.
October 18, 2023 | 2:01 pm
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Western Alliance's upcoming earnings report could impact its stock price. Despite past EPS misses, the stock has trended upwards following earnings releases. However, the stock is down 20.45% over the last 52 weeks.
Western Alliance's stock price has historically increased following earnings releases, even when the company missed EPS estimates. This suggests that investors may be more focused on other aspects of the company's performance. However, the stock's overall downward trend over the past year indicates potential investor dissatisfaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100