Western Alliance Q4 EPS $1.33 Misses $1.88 Estimate, Sales $682.20M Miss $699.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
Western Alliance (NYSE:WAL) reported Q4 earnings of $1.33 per share, missing the consensus estimate of $1.88 by 29.26%. Year-over-year, earnings decreased by 50.19% from $2.67 per share. Quarterly sales were $682.20M, falling short of the $699.44M estimate by 2.46% and marking a 2.71% decrease from the previous year's $701.20M.

January 25, 2024 | 9:14 pm
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NEGATIVE IMPACT
Western Alliance's Q4 earnings and sales missed estimates, with a significant decrease in earnings compared to last year, indicating potential negative investor sentiment.
Missing both earnings and sales estimates, especially with a substantial year-over-year decline in earnings, is typically seen as a negative indicator for a company's financial health and often leads to a negative short-term reaction in the stock market. Investors may have expected better performance, and the reported figures could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100