Zacks Research Issues Negative Estimate for WaFd Earnings

Key Points

• Zacks Research lowered its Q1 2027 EPS estimate for WaFd to $0.80 from $0.84 and forecasts $3.32 per share for FY2028 and $3.39 for FY2029. It maintained a “Hold” rating.
• Analyst sentiment remains cautious: five analysts rate WaFd “Hold,” with an average price target of $32.50. The stock opened at $29.49 on Friday, down 2.1%.
• WaFd’s latest reported quarter modestly beat expectations, with EPS of $0.85 versus the $0.84 consensus and revenue of $220.44 million versus estimates of $203.66 million.

WaFd, Inc. (NASDAQ:WAFD - Free Report) - Stock analysts at Zacks Research lowered their Q1 2027 earnings estimates for shares of WaFd in a report issued on Thursday, November 5th. Zacks Research analyst Team now anticipates that the bank will post earnings of $0.80 per share for the quarter, down from their previous forecast of $0.84. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for WaFd's current full-year earnings is $3.34 per share. Zacks Research also issued estimates for WaFd's Q2 2027 earnings at $0.79 EPS, Q3 2027 earnings at $0.80 EPS, Q4 2027 earnings at $0.83 EPS, Q1 2028 earnings at $0.82 EPS, Q2 2028 earnings at $0.82 EPS, Q3 2028 earnings at $0.83 EPS, Q4 2028 earnings at $0.85 EPS, FY2028 earnings at $3.32 EPS and FY2029 earnings at $3.39 EPS.

WAFD has been the topic of several other research reports. DA Davidson set a $31.00 price objective on shares of WaFd in a report on Monday, October 19th. Piper Sandler reduced their target price on WaFd from $32.00 to $31.00 and set a "neutral" rating for the company in a research note on Monday, October 19th. Weiss Ratings lowered WaFd from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, October 19th. Finally, Keefe, Bruyette & Woods dropped their price target on WaFd from $40.00 to $34.00 and set a "market perform" rating on the stock in a research note on Monday, October 19th. Five equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $32.50.

WaFd Trading Down 2.1%

WAFD opened at $29.49 on Friday. WaFd has a 1-year low of $28.10 and a 1-year high of $39.49. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.92. The company has a market cap of $2.18 billion, a P/E ratio of 9.30 and a beta of 0.90. The company has a fifty day moving average price of $31.34 and a two-hundred day moving average price of $33.88.

WaFd (NASDAQ:WAFD - Get Free Report) last issued its earnings results on Thursday, October 15th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.01. The business had revenue of $220.44 million for the quarter, compared to analyst estimates of $203.66 million. WaFd had a net margin of 18.04% and a return on equity of 9.37%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WAFD. BlackRock Inc. purchased a new stake in WaFd in the 2nd quarter valued at $413,410,000. Bank of America Corp DE bought a new position in WaFd during the 2nd quarter valued at $34,655,000. Bank of New York Mellon Corp purchased a new position in WaFd during the 2nd quarter worth $26,489,000. Empowered Funds LLC purchased a new position in WaFd during the 2nd quarter worth $13,371,000. Finally, Legal & General Group Plc bought a new stake in shares of WaFd in the 2nd quarter worth $6,561,000. Institutional investors and hedge funds own 83.71% of the company's stock.

WaFd Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Friday, August 21st. WaFd's payout ratio is 33.64%.

WaFd News Summary

Here are the key news stories impacting WaFd this week:

• Negative Sentiment: Zacks cut its fiscal 2028 EPS forecast to $3.32 from $3.53 and reduced estimates for several 2027–2028 quarters. The broad revisions suggest a less favorable earnings outlook and are the clearest potential source of downward pressure on WAFD. WaFd estimates
• Negative Sentiment: Zacks Research recently lowered its rating on WaFd from “Strong Buy” to “Hold,” another negative shift in analyst sentiment. Zacks Research recommendations
• Neutral Sentiment: Zacks forecasts fiscal 2029 EPS of $3.39, modestly above its fiscal 2028 estimate, and kept its “Hold” rating. The supplied reports do not cite a new company announcement or change to the current-year consensus estimate of $3.34 per share.

WaFd Company Profile

WaFd, Inc NASDAQ: WAFD is the parent company of WaFd Bank, a regional financial institution that provides banking and lending services to individuals, families, businesses and real estate investors. The bank offers deposit accounts, checking and savings products, residential mortgages, home equity loans, commercial real estate financing, business loans and construction lending.

WaFd Bank also provides treasury management and cash-management services for businesses, along with personal and commercial banking solutions through its branch network and digital banking platforms.

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