Earnings Preview: East West Bancorp
Portfolio Pulse from Benzinga Insights
East West Bancorp (NASDAQ:EWBC) is set to release its quarterly earnings report on October 19, 2023. Analysts estimate an earnings per share (EPS) of $2.02. The company's past performance shows a pattern of share price drops following earnings beats. The stock is currently trading at $53.34, down 19.44% over the last 52-week period.
October 18, 2023 | 5:01 pm
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NEGATIVE IMPACT
East West Bancorp is expected to report an EPS of $2.02. The company's stock has historically dropped after earnings beats. The stock is currently down 19.44% over the last 52 weeks.
The company's stock has shown a pattern of dropping after earnings beats. Given this pattern and the current negative returns, the stock is likely to be negatively impacted in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100