Western Alliance 2Q Earnings Pregame Scorecard

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Last quarter Western Alliance (NYSE:WAL) met Wall Street estimates, and it is scheduled to report again on Thursday.

Expectations

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Analysts currently expect Western Alliance to come in with earnings of 13 cents per share on revenues of $76.2 million. Estimates range from 11 cents per share to 16 cents per share. Over the past three months, the average estimate has moved down from 14 cents.

Last Quarter's Results

In the first quarter, profit rose more than twofold to $11.3 million (12 cents a share) from $5.2 million (3 cents a share) the year earlier, meeting analyst expectations. Revenue rose 5.7% to $83.3 million from $78.8 million.

Stock Ratings

Analysts are bullish on the stock as five analysts rate it as a buy and there are no sell ratings. Wall Street has warmed to the stock over the past three months, with the average analyst estimate increasing to Moderate buy from Hold.

Stock Movement

The stock price recently went on a hot streak as it rose 42 cents per share between June 4, 2012 and June 25, 2012 It finished at $8.50.

Company Fundamental Trends On the top line, the company is looking to build on three-straight revenue increases heading into this earnings announcement. Revenue increased 5.2% in the third quarter of the last fiscal year and 14.1% in the fourth quarter of the last fiscal year before climbing again in the first quarter.

Summary

Reporting Period: 2Q

Date of Release: Thursday, July 19, 2012

EPS: 13 cents

Revenue Estimate: $76.2 million

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)