Western Alliance (WAL) Surpasses Q4 Earnings and Revenue Estimates

Core Viewpoint - Western Alliance (WAL) reported quarterly earnings of $1.95 per share, exceeding the Zacks Consensus Estimate of $1.92 per share, and showing an increase from $1.91 per share a year ago, indicating a positive earnings surprise of 1.56% [1] Financial Performance - The company achieved revenues of $848.4 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 3.82%, and up from $691.3 million in the same quarter last year [2] - Over the last four quarters, Western Alliance has exceeded consensus EPS estimates three times and topped consensus revenue estimates four times [2] Stock Performance - Since the beginning of the year, Western Alliance shares have increased by approximately 10.3%, outperforming the S&P 500's gain of 3.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.92 on revenues of $803.92 million, while for the current fiscal year, the estimate is $8.87 on revenues of $3.4 billion [7] - The estimate revisions trend for Western Alliance is mixed, which may change following the recent earnings report [6] Industry Context - The Banks - West industry, to which Western Alliance belongs, is currently ranked in the top 36% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]