Group West Bancshares (CWBC) reported $20.71 million in income for the quarter ended March 2024, representing a year-over-year decline of 9.5%. EPS of $0.31 for a similar interval compares to $0.59 a yr in the past.
The reported income represents a shock of -4.44% over the Zacks Consensus Estimate of $21.67 million. With the consensus EPS estimate being $0.46, the EPS shock was -32.61%.
Whereas buyers carefully watch year-over-year modifications in headline numbers — income and earnings — and the way they examine to Wall Avenue expectations to find out their subsequent plan of action, some key metrics at all times present a greater perception into an organization’s underlying efficiency.
Since these metrics play a vital function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps buyers higher venture a inventory’s value efficiency.
Right here is how Group West Bancshares carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Avenue analysts:
- Effectivity Ratio: 70.1% versus 65.3% estimated by three analysts on common.
- Internet Curiosity Margin: 3.4% in comparison with the three.6% common estimate primarily based on three analysts.
- Internet Cost-Offs (% of Common Loans): 0.2% versus 0% estimated by two analysts on common.
- Common Curiosity-Incomes Property: $2.29 billion versus the two-analyst common estimate of $2.30 billion.
- Whole Non Curiosity Earnings: $1.64 million versus the three-analyst common estimate of $1.64 million.
- Internet Curiosity Earnings: $19.07 million versus the three-analyst common estimate of $20.03 million.
View all Key Company Metrics for Community West Bancshares here>>>
Shares of Group West Bancshares have returned -4.4% over the previous month versus the Zacks S&P 500 composite’s -1.7% change. The inventory at present has a Zacks Rank #3 (Maintain), indicating that it may carry out in keeping with the broader market within the close to time period.
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