WaFd (WAFD) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

Core Viewpoint - WaFd (WAFD) is anticipated to report a year-over-year decline in earnings due to lower revenues, with a consensus EPS estimate of $0.67, reflecting an 11.8% decrease compared to the previous year, and revenues expected to be $188.7 million, down 3% from the same quarter last year [1][3]. Earnings Expectations - The earnings report could lead to a stock price increase if the actual results exceed expectations, while a miss could result in a decline [2]. - Management's discussion during the earnings call will significantly influence the sustainability of any immediate price changes and future earnings expectations [2]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a stable outlook from covering analysts [4]. - WaFd's Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +2.00%, suggesting a bullish sentiment among analysts [12]. Historical Performance - In the last reported quarter, WaFd was expected to post earnings of $0.60 per share but actually delivered $0.65, resulting in a positive surprise of +8.33% [13]. - Over the past four quarters, WaFd has beaten consensus EPS estimates three times [14]. Investment Considerations - While WaFd is seen as a compelling earnings-beat candidate, investors should consider other factors that may influence stock performance beyond earnings results [17]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 indicates a likelihood of beating the consensus EPS estimate [12].