Key Takeaways:
- Western Alliance (WAL, Financial) is poised for earnings growth, with expectations set for increased EPS and revenue.
- Analysts offer an "Outperform" rating, with potential stock price upside of over 50%.
- GF Value suggests a notable 38.28% potential increase from the current price.
Anticipated Earnings Release for Western Alliance
Western Alliance (WAL) is gearing up to announce its first-quarter earnings on April 21st, following the close of the market. Analysts are forecasting an earnings per share (EPS) of $1.78 alongside a revenue projection of $793.2 million, both indicating year-over-year growth. Historically, the company has a strong track record, having surpassed earnings estimates 63% of the time and revenue expectations 75% of the time.
Wall Street Analysts' Projections
In analyzing the one-year price targets set by 14 analysts, Western Alliance Bancorp's (WAL, Financial) average target price is $100.14. The estimates range from a high of $112.00 to a low of $75.00. This average target implies a remarkable upside potential of 51.00% from its current trading price of $66.32. For more comprehensive estimate data, visit the Western Alliance Bancorp (WAL) Forecast page.
The consensus recommendation among 14 brokerage firms places Western Alliance Bancorp's (WAL, Financial) average brokerage recommendation at 1.7. This rating suggests an "Outperform" status, where the scale ranges from 1 (Strong Buy) to 5 (Sell).
GF Value Estimation
According to GuruFocus estimates, the projected GF Value for Western Alliance Bancorp (WAL, Financial) in one year is $91.71. This indicates a potential upside of 38.28% from the current stock price of $66.32. The GF Value represents GuruFocus' assessment of the stock's fair value, derived from historical trading multiples, past business growth, and future business performance projections. For more detailed data, see the Western Alliance Bancorp (WAL) Summary page.
