Western Alliance Bancorp (WAL): Earnings Whisper

Western Alliance Bancorporation (WAL) is scheduled to release its 2Q15 earnings results before the markets open on Monday. Checking in on the numbers, the Street’s estimates for the quarter reflect an expected profit of $0.45 per share, up from $0.41 in the same quarter last year. Revenue is projected to post a 9.62% yoy growth to $115.65 million from $105.5 million consensus a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $0.48 per share.

As a quick reminder, Western Alliance reported 1Q/15 EPS of $0.45, $0.02 better than the Street’s consensus estimate.

On valuation measures, Western Alliance Bancorp. shares are priced at 19.05x this year’s forecasted earnings, compared to the industry’s 21.28x earnings multiple. The company’s current year and next year EPS growth estimates stand at 10.20% and 18.50% compared to the industry growth rates of 11.40% and 13.90%, respectively. WAL has a t-12 price-to-sales ratio of 7.14. EPS for the same period registers at $1.77.

Western Alliance Bancorporation shares have declined 1.72% in the last 4 weeks while advancing 8.89% in the past three months. Over the past 5 trading sessions the stock has lost 2.26%.

The Phoenix, Arizona-based bank holding company — currently valued at $3.46 billion — has a median Wall Street price target of $36.00 with a high target of $40.00.

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