Community West Bancshares (CWBC) Lags Q3 Earnings and Revenue Estimates

Financial Performance - Community West Bancshares reported quarterly earnings of $0.30 per share, missing the Zacks Consensus Estimate of $0.38 per share, and down from $0.54 per share a year ago, representing an earnings surprise of -21.05% [1] - The company posted revenues of $31.32 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 5.70%, compared to year-ago revenues of $22.11 million [1] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $0.46 on revenues of $34.12 million, and for the current fiscal year, it is $1.49 on revenues of $118.52 million [4] - The estimate revisions trend for Community West Bancshares is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [4] Industry Context - The Financial - Miscellaneous Services industry, to which Community West Bancshares belongs, is currently in the bottom 44% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [5] - Another company in the same industry, Atlanticus Holdings Corporation, is expected to report quarterly earnings of $1.23 per share, reflecting a year-over-year change of +19.4%, with revenues projected at $326.64 million, up 10.8% from the previous year [5]