Why East West Bancorp (EWBC) is Poised to Beat Earnings Estimates Again

Core Insights - East West Bancorp (EWBC) has consistently beaten earnings estimates, with an average surprise of 5.44% over the last two quarters [1][5]. Earnings Performance - For the last reported quarter, East West Bancorp achieved earnings of $2.08 per share, surpassing the Zacks Consensus Estimate of $2 per share, resulting in a 4% surprise [5]. - In the previous quarter, the company was expected to report earnings of $1.89 per share but delivered $2.02 per share, yielding a surprise of 6.88% [5]. Earnings Estimates - Recent estimates for East West Bancorp have been trending upward, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong potential for an earnings beat [6][8]. - The current Earnings ESP for East West Bancorp is +1.21%, suggesting that analysts are optimistic about the company's earnings prospects [8]. Zacks Rank and Predictive Power - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat, with historical data indicating that nearly 70% of stocks with this combination produce a positive surprise [7][8].