Earnings Preview For East West Bancorp
Portfolio Pulse from Benzinga Insights
East West Bancorp (NASDAQ:EWBC) is scheduled to release its quarterly earnings report on January 23, 2024. Analysts predict an EPS of $1.89. Investors are looking for an earnings beat and positive guidance for future growth. Historically, the company's stock price has been sensitive to earnings performance and guidance. Last quarter, EWBC met the EPS estimate, resulting in a 2.83% share price drop the following day. Over the past year, EWBC shares have increased by 4.55%, trading at $70.86 as of January 19.
January 22, 2024 | 3:01 pm
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NEUTRAL IMPACT
East West Bancorp is expected to report an EPS of $1.89 in its upcoming earnings. Investors will focus on earnings performance and future guidance, which historically have impacted the stock price.
The short-term impact on EWBC's stock price will likely depend on whether the company meets or exceeds the earnings estimate and provides positive guidance. Historically, the stock has shown sensitivity to these factors. However, since the article does not provide specific information indicating a clear direction, the score is neutral.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100