Recap: Westamerica Bancorp Q4 Earnings
Portfolio Pulse from Benzinga Insights
Westamerica Bancorp (NASDAQ:WABC) reported Q4 earnings with an EPS of $1.48, beating estimates by 1.37% and showing a revenue increase of $1.11 million year-over-year. The company has a history of surpassing EPS estimates, which in the past has led to a share price increase the following day.
January 18, 2024 | 4:30 pm
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Westamerica Bancorp reported a positive Q4 earnings surprise with an EPS of $1.48, surpassing the estimate of $1.46. Revenue also increased compared to the same quarter last year.
Given Westamerica Bancorp's history of beating EPS estimates and the subsequent positive stock price reaction, it is likely that the stock will experience a short-term increase in price following this earnings report. The company's consistent performance in surpassing expectations could reinforce investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100