First Western Financial Earnings Preview
Portfolio Pulse from Benzinga Insights
First Western Financial (NASDAQ:MYFW) is scheduled to release its quarterly earnings report on January 25, 2024. Analysts predict an EPS of $0.32. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, the company's stock price has been sensitive to earnings performance and guidance. Last quarter, MYFW missed EPS estimates by $0.13, resulting in an 8.45% share price drop the following day. Over the past year, MYFW shares have declined by 32.24%, indicating potential investor dissatisfaction ahead of the earnings release.
January 24, 2024 | 9:01 pm
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First Western Financial is anticipated to report an EPS of $0.32 in its upcoming earnings. Historical data shows significant stock movement post-earnings, with a notable drop after last quarter's miss. Long-term shareholders have seen a 32.24% decline over the past year.
The short-term impact on MYFW's stock price will likely hinge on whether the company meets or exceeds the EPS estimate and provides positive guidance. Given the historical sensitivity of the stock to earnings reports and the recent downward trend, the upcoming announcement could lead to increased volatility. However, the score is neutral (0) due to the lack of information on whether the company will meet, miss, or exceed expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100