For the quarter ended September 2024, WaFd (WAFD) reported income of $188.69 million, up 6% over the identical interval final 12 months. EPS got here in at $0.70, in comparison with $0.72 within the year-ago quarter.
The reported income represents a shock of -0.91% over the Zacks Consensus Estimate of $190.43 million. With the consensus EPS estimate being $0.68, the EPS shock was +2.94%.
Whereas traders scrutinize income and earnings modifications year-over-year and the way they examine with Wall Avenue expectations to find out their subsequent transfer, some key metrics all the time provide a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps traders venture a inventory’s worth efficiency extra precisely.
Right here is how WaFd carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Avenue analysts:
- Whole Non-performing Property: $77.42 million versus the two-analyst common estimate of $77.01 million.
- Common steadiness – Whole interest-earning belongings: $26.24 billion versus the two-analyst common estimate of $26.53 billion.
- Effectivity Ratio: 57.2% in comparison with the 57.9% common estimate primarily based on two analysts.
- Web Curiosity Margin: 2.6% versus 2.6% estimated by two analysts on common.
- Whole Non-performing loans: $69.54 million versus $69.49 million estimated by two analysts on common.
- Whole noninterest earnings: $15.88 million versus the two-analyst common estimate of $17.33 million.
- Web Curiosity Revenue: $172.81 million in comparison with the $173.11 million common estimate primarily based on two analysts.
View all Key Company Metrics for WaFd here>>>
Shares of WaFd have returned +1.9% over the previous month versus the Zacks S&P 500 composite’s +3.8% change. The inventory at present has a Zacks Rank #1 (Sturdy Purchase), indicating that it might outperform the broader market within the close to time period.
Solely $1 to See All Zacks’ Buys and Sells
We’re not kidding.
A number of years in the past, we shocked our members by providing them 30-day entry to all our picks for the whole sum of solely $1. No obligation to spend one other cent.
Hundreds have taken benefit of this chance. Hundreds didn’t – they thought there should be a catch. Sure, we do have a purpose. We wish you to get acquainted with our portfolio companies like Shock Dealer, Shares Underneath $10, Expertise Innovators,and extra, that closed 228 positions with double- and triple-digit features in 2023 alone.
WaFd, Inc. (WAFD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
