Western Alliance Bancorporation (NYSE:WAL) just released its quarterly report and things are looking bullish. The company beat expectations with revenues of US$772m arriving 4.6% ahead of forecasts. Statutory earnings per share (EPS) were US$1.75, 2.7% ahead of estimates. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

See our latest analysis for Western Alliance Bancorporation

Taking into account the latest results, the current consensus from Western Alliance Bancorporation's 13 analysts is for revenues of US$3.14b in 2024. This would reflect a decent 11% increase on its revenue over the past 12 months. Per-share earnings are expected to swell 11% to US$7.33. Before this earnings report, the analysts had been forecasting revenues of US$3.14b and earnings per share (EPS) of US$7.34 in 2024. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

The consensus price target rose 21% to US$91.06despite there being no meaningful change to earnings estimates. It could be that the analystsare reflecting the predictability of Western Alliance Bancorporation's earnings by assigning a price premium. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Western Alliance Bancorporation analyst has a price target of US$100.00 per share, while the most pessimistic values it at US$83.00. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We can infer from the latest estimates that forecasts expect a continuation of Western Alliance Bancorporation'shistorical trends, as the 24% annualised revenue growth to the end of 2024 is roughly in line with the 23% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 6.3% per year. So it's pretty clear that Western Alliance Bancorporation is forecast to grow substantially faster than its industry.