Is a Surprise Coming for EWBC This Earnings Season?

Core Viewpoint - East West Bancorp, Inc. (EWBC) is positioned favorably for an upcoming earnings report, with positive trends indicated by recent earnings estimate revisions [1][2]. Earnings Estimate Revisions - Analysts have recently raised their earnings estimates for EWBC, which is typically a precursor to an earnings beat [2]. - The Most Accurate Estimate for the current quarter stands at $2.24 per share, slightly above the Zacks Consensus Estimate of $2.23 per share, indicating a positive adjustment in expectations [3]. Earnings ESP and Historical Performance - EWBC has a Zacks Earnings ESP of +0.47%, suggesting a favorable outlook heading into earnings season [3]. - Historical data shows that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of delivering positive surprises and have averaged over 28% in annual returns [4]. Investment Consideration - Given the positive earnings estimate revisions and the current Zacks Rank of 3 (Hold), EWBC may be a stock worth considering for investors ahead of the earnings report [5].