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Washington Federal's strategic pivot away from Single-Family Residential lending marks a notable shift as the bank prepares to announce its Q3 earnings on July 10, 2025. This decision, driven by the commoditization and regulatory challenges of the mortgage sector, has led analysts to adjust their forecasts, with Piper Sandler recently lowering its price target to $31. Despite these headwinds, Washington Federal's previous quarter showcased resilience, with a revenue increase of 7.8% year-over-year to $182.47 million, although EPS slightly dipped to $0.89 from $0.91. For the upcoming report, expectations are set with an EPS estimate of $0.68 and revenue of $184.91 million. However, the whisper number suggests a more optimistic EPS of $0.84, indicating some market confidence in Washington Federal's ability to navigate its strategic changes effectively. With a market cap of approximately $2.44 billion, investors will be keenly observing whether the bank can surpass these expectations and continue its growth trajectory amidst a challenging economic landscape.
Washington Federal, Inc. is the banking holding company for Washington Federal Bank, a National Association that provides loans, deposits, insurance, and other banking services in the United States. The company is headquartered in Seattle, Washington.
Website: https://www.wafdbank.com
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