Does Earnings Surprise History Hold Any Clue for Washington Federal (NASDAQ:WAFD)

Earnings results for Washington Federal (NASDAQ:WAFD)

Washington Federal, Inc. is estimated to report earnings on 10/13/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.63. The reported EPS for the same quarter last year was $0.45.

Washington Federal last announced its quarterly earnings data on July 12th, 2021. The bank reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. The firm earned $141.82 million during the quarter, compared to analyst estimates of $136.97 million. Its revenue was up 8.5% compared to the same quarter last year. Washington Federal has generated $2.00 earnings per share over the last year ($2.13 diluted earnings per share) and currently has a price-to-earnings ratio of 16.4. Earnings for Washington Federal are expected to grow by 8.66% in the coming year, from $2.31 to $2.51 per share. Washington Federal has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, October 13th, 2021 based off prior year’s report dates.

Analyst Opinion on Washington Federal (NASDAQ:WAFD)

like Washington Federal stock less than the stock of other Finance companies. 53.23% of gave Washington Federal an outperform vote while finance companies recieve an average of 62.70% outperform votes by .

Dividend Strength: Washington Federal (NASDAQ:WAFD)

Washington Federal pays a meaningful dividend of 2.62%, higher than the bottom 25% of all stocks that pay dividends. Washington Federal has been increasing its dividend for 6 years. The dividend payout ratio of Washington Federal is 46.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Washington Federal will have a dividend payout ratio of 36.65% next year. This indicates that Washington Federal will be able to sustain or increase its dividend.

Insiders buying/selling: Washington Federal (NASDAQ:WAFD)

In the past three months, Washington Federal insiders have not sold or bought any company stock. Only 1.22% of the stock of Washington Federal is held by insiders. 82.57% of the stock of Washington Federal is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Washington Federal (NASDAQ:WAFD

Earnings for Washington Federal are expected to grow by 8.66% in the coming year, from $2.31 to $2.51 per share. The P/E ratio of Washington Federal is 16.35, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.67. The P/E ratio of Washington Federal is 16.35, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 14.49. Washington Federal has a P/B Ratio of 1.31. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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