Westamerica (WABC) Lags Q4 Earnings and Revenue Estimates

Company Performance - Westamerica (WABC) reported quarterly earnings of $1.19 per share, missing the Zacks Consensus Estimate of $1.21 per share, and down from $1.48 per share a year ago, representing an earnings surprise of -1.65% [1] - The company posted revenues of $69.57 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 0.64%, and down from $80.37 million year-over-year [2] - Over the last four quarters, Westamerica has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [2] Stock Performance - Westamerica shares have lost about 1.1% since the beginning of the year, while the S&P 500 has gained 1.2% [3] - The current Zacks Rank for Westamerica is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the coming quarter is $1.12 on revenues of $67.15 million, and for the current fiscal year, it is $4.40 on revenues of $265.59 million [7] - The outlook for the industry, specifically the Banks - West sector, is currently in the top 35% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8]