Recap: East West Bancorp Q4 Earnings
Portfolio Pulse from Benzinga Insights
East West Bancorp (NASDAQ:EWBC) reported Q4 earnings with an EPS of $2.02, beating estimates by 6.88% but with a revenue decline of $30.67 million YoY. Last quarter, a miss on EPS was followed by a 2.83% share price drop.
January 23, 2024 | 9:20 pm
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NEUTRAL IMPACT
East West Bancorp reported a higher-than-expected Q4 EPS of $2.02, beating estimates by 6.88%, but experienced a revenue decline from the previous year.
While the EPS beat could be seen as positive, the decline in revenue may concern investors, potentially offsetting the positive impact of the earnings beat. Historical performance shows a share price drop following an EPS miss last quarter, which could make investors cautious. The score is neutral due to these mixed signals.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100