Will East West Bancorp (EWBC) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - East West Bancorp (EWBC) has consistently surpassed earnings estimates and is well-positioned for future earnings growth, making it a strong candidate for investors [1][2]. Earnings Performance - East West Bancorp has recorded an average earnings surprise of 4.54% over the last two quarters, with the most recent earnings of $2.07 per share exceeding the Zacks Consensus Estimate of $1.97 per share by 5.08% [1]. - In the previous quarter, the company reported earnings of $2.08 per share against an expectation of $2 per share, resulting in a surprise of 4% [1]. Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for East West Bancorp, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [2]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced a positive surprise nearly 70% of the time [2]. Earnings ESP Metric - East West Bancorp currently has an Earnings ESP of +0.10%, suggesting analysts are optimistic about its near-term earnings potential [3]. - The next earnings report for East West Bancorp is expected to be released on October 22, 2024 [3]. Importance of Earnings ESP - The Earnings ESP metric is crucial for predicting earnings performance, as a negative value can reduce its predictive power, but does not necessarily indicate an earnings miss [3][4]. - Utilizing the Earnings ESP Filter can help identify the best stocks to buy or sell prior to earnings reports [4].