Westpac Banking Future Growth

Future criteria checks 0/6

Westpac Banking is forecast to grow earnings and revenue by 0.7% and 3.4% per annum respectively. EPS is expected to grow by 1.4% per annum. Return on equity is forecast to be 9.6% in 3 years.

Key information

0.7%

Earnings growth rate

1.4%

EPS growth rate

Banks earnings growth	2.4%
Revenue growth rate	3.4%
Future return on equity	9.6%
Analyst coverage	Good
Last updated	22 Jul 2024

Recent future growth updates

Recent updates

With EPS Growth And More, Westpac Banking (ASX:WBC) Makes An Interesting Case

Jan 27

With EPS Growth And More, Westpac Banking (ASX:WBC) Makes An Interesting Case

Jul 02

Westpac Banking (ASX:WBC) Has Announced That It Will Be Increasing Its Dividend To A$0.70

May 10

Most Shareholders Will Probably Agree With Westpac Banking Corporation's (ASX:WBC) CEO Compensation

Dec 07

Westpac Banking's (ASX:WBC) Dividend Will Be Increased To A$0.64

Nov 16

Earnings and Revenue Growth Forecasts

ASX:WBC - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
9/30/2026	22,720	6,748	N/A	N/A	14
9/30/2025	22,129	6,503	N/A	N/A	14
9/30/2024	21,572	6,671	N/A	N/A	14
3/31/2024	20,612	6,536	-40,396	-39,296	N/A
12/31/2023	20,805	6,866	-38,631	-37,392	N/A
9/30/2023	20,997	7,195	-36,867	-35,488	N/A
6/30/2023	20,395	6,805	-26,346	-24,920	N/A
3/31/2023	19,793	6,415	-15,825	-14,353	N/A
12/31/2022	19,532	6,055	-17,595	-16,226	N/A
9/30/2022	19,271	5,694	-19,365	-18,100	N/A
6/30/2022	20,058	5,495	-17,378	-16,239	N/A
3/31/2022	20,845	5,292	-15,392	-14,378	N/A
12/31/2021	21,329	5,374	154	1,148	N/A
9/30/2021	21,812	5,458	15,699	16,673	N/A
6/30/2021	20,755	4,999	18,351	19,459	N/A
3/31/2021	19,697	4,542	21,003	22,245	N/A
12/31/2020	18,351	3,415	24,735	25,993	N/A
9/30/2020	17,005	2,288	28,466	29,741	N/A
6/30/2020	17,790	3,542	32,124	33,353	N/A
3/31/2020	18,575	4,795	35,781	36,964	N/A
12/31/2019	19,215	5,787	20,293	21,478	N/A
9/30/2019	19,855	6,778	4,805	5,991	N/A
6/30/2019	20,054	6,922	1,044	2,235	N/A
3/31/2019	20,253	7,065	-2,717	-1,522	N/A
12/31/2018	20,775	7,578	-4,033	-2,840	N/A
9/30/2018	21,297	8,090	-5,350	-4,158	N/A
6/30/2018	21,178	8,182	-9,393	-8,262	N/A
3/31/2018	21,363	8,274	-13,470	-12,401	N/A
12/31/2017	21,156	8,129	N/A	-16,321	N/A
9/30/2017	20,797	7,984	N/A	-20,225	N/A
6/30/2017	20,640	7,816	N/A	-24,012	N/A
3/31/2017	20,331	7,647	N/A	-27,783	N/A
12/31/2016	20,096	7,544	N/A	-30,528	N/A
9/30/2016	19,861	7,440	N/A	-33,274	N/A
6/30/2016	20,450	7,769	N/A	-24,708	N/A
3/31/2016	21,039	8,098	N/A	-16,143	N/A
12/31/2015	20,964	8,052	N/A	-12,605	N/A
9/30/2015	20,889	8,006	N/A	-9,067	N/A
6/30/2015	20,192	7,773	N/A	-14,627	N/A
3/31/2015	19,494	7,540	N/A	-20,188	N/A
12/31/2014	19,391	7,546	N/A	-13,023	N/A
9/30/2014	19,287	7,551	N/A	-5,858	N/A
6/30/2014	18,876	7,313	N/A	4,371	N/A
3/31/2014	18,465	7,075	N/A	14,600	N/A
12/31/2013	18,107	6,907	N/A	9,013	N/A
9/30/2013	17,748	6,739	N/A	3,425	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: WBC's forecast earnings growth (0.7% per year) is below the savings rate (2.3%).

Earnings vs Market: WBC's earnings (0.7% per year) are forecast to grow slower than the Australian market (13.3% per year).

High Growth Earnings: WBC's earnings are forecast to grow, but not significantly.

Revenue vs Market: WBC's revenue (3.4% per year) is forecast to grow slower than the Australian market (5.3% per year).

High Growth Revenue: WBC's revenue (3.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: WBC's Return on Equity is forecast to be low in 3 years time (9.6%).

Westpac Banking Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Consensus forecasts updated

Recent updates

Westpac Banking Corporation Appoints Andy Maguire as an Independent Non-Executive Director

First half dividend of AU$0.90 announced

Westpac Banking Corporation Announces Special Dividend, Payable on 25 June 2024

Westpac Banking Corporation Announces Special Dividend, Payable on 25 June 2024

Westpac Abandons Bid to Sell RAMS Home Loans

Now 20% undervalued

With EPS Growth And More, Westpac Banking (ASX:WBC) Makes An Interesting Case

Westpac Banking Corporation Announces Distribution for WBCPK - CAP NOTE 3-BBSW+2.90% PERP NON-CUM RED T-09-29 for the quarter ending March 21, 2024, Payable on March 21, 2024

Westpac Banking Corporation Announces Distribution for WBCPM - CAP NOTE 3-BBSW+3.10% PERP NON-CUM RED T-09-31 for the Quarter Ending March 22, 2024, Payable on March 22, 2024

Westpac Banking Corporation Announces Board Changes

Westpac Banking Corporation Announces Ordinary Fully Franked Dividend for the Six Months Ended September 30, 2023, Payable on December 19, 2023

High number of new directors

Westpac Banking Corporation to Report Q3, 2024 Results on Aug 19, 2024

Westpac Banking Corporation to Report Q1, 2024 Results on Feb 19, 2024

Westpac Banking Corporation Announces Final Fully Franked Dividend, Payable on 19 December 2023

Westpac Banking Corporation to Report Fiscal Year 2024 Results on Nov 04, 2024

Westpac Banking Corporation (ASX:WBC) entered into an agreement to acquire Electronic health claims processing business of Dedalus.

Chris Lynch to Step Down as Independent Non-Executive Director of Westpac Banking Corporation, Effective 14 December 2023

Westpac Group Appoints Steven Gregg as Non-Executive Director and Chairman-Elect

Westpac Fails to Sell Pacific Banking Business

Westpac Acknowledges the Civil Penalty Proceedings Commenced by ASIC

Westpac Banking Corporation Acknowledges ASIC Proceedings

Westpac Banking Corporation Announces Executive Changes

Westpac Banking Corporation Announces Resignation of Michael (Mike) Hawker AM as Independent Non-Executive Director

With EPS Growth And More, Westpac Banking (ASX:WBC) Makes An Interesting Case

Now 21% undervalued after recent price drop

Now 22% undervalued after recent price drop

Westpac Banking (ASX:WBC) Has Announced That It Will Be Increasing Its Dividend To A$0.70

Westpac Banking Corporation Determines Interim Fully Franked Dividend, Payable on 27 June 2023

First half 2023 earnings: EPS exceeds analyst expectations

High number of new directors

Now 21% undervalued after recent price drop

Westpac Banking Corporation Announces Resignation of Peter Ralph Marriott as Director

Tyro Payments Ends Takeover Talks with Potentia Capital Management

Westpac Banking Corporation Announces Ordinary Fully Franked Dividend for the Six Months Ended September 30, 2022, Payable on December 20, 2022

Most Shareholders Will Probably Agree With Westpac Banking Corporation's (ASX:WBC) CEO Compensation

Westpac Reportedly Closer to Tyro Deal as Second Suitor Turns Up

Westpac Banking's (ASX:WBC) Dividend Will Be Increased To A$0.64

High number of new directors

Upcoming dividend of AU$0.64 per share

Westpac Banking Corporation, Annual General Meeting, Dec 14, 2023

Full year 2022 earnings released: EPS: AU$1.60 (vs AU$1.49 in FY 2021)

Westpac Banking Corporation Announces Board Changes

Tyro Payments in Takeover Talks with Selected Parties

Westpac Banking Corporation Announces Ordinary Distribution on CAP NOTE 3-BBSW+3.40% PERP NON-CUM RED T-03-27 for the Quarter Ending 22 December 2022, Payable on 22 December 2022

AMP Reportedly in Box Seat with Westpac Wealth Unit Offer

Westpac Banking Corporation Announces the First Distribution, Payable on 22 September 2022

Macquarie Reportedly Out of Westpac Race

Westpac Banking Corporation Declares Actual Ordinary Dividend on WBCPJ - CAP NOTE 3-BBSW+3.40% PERP NON-CUM RED T-03-27 for the Quarter Ending September 22, 2022, Payable on September 22, 2022

Westpac Banking Corporation announces dividend on WBCPE - CAP NOTE 3-BBSW+3.05% PERP NON-CUM RED T-09-22 for the period ending July 20, 2022, Payable on July 20, 2022

Mercer (Australia) Pty Ltd agreed to acquire Advance Asset Management Limited from Westpac Banking Corporation (ASX:WBC).

Mercer (Australia) Pty Ltd acquired Advance Asset Management Limited from Westpac Banking Corporation (ASX:WBC).

Consensus forecasts updated

Upcoming dividend of AU$0.61 per share

First half 2022 earnings: EPS and revenues exceed analyst expectations

Westpac Banking Corporation Announces Dividend for the Six Months Ended March 31, 2022, Payable on June 24, 2022

High number of new directors

Westpac Banking Corporation Reportedly Takes Receipt of Indicative Bids for Its Investment Platform Business

Westpac Banking Corporation Announces Dividend on WBCPE - CAP NOTE 3-BBSW+3.05% PERP NON-CUM RED T-09-22 for Quarter Ending June 23, 2022, Payable on June 23, 2022

Westpac Banking Corporation Declares Dividend on WBCPJ - CAP NOTE 3-BBSW+3.40% PERP NON-CUM RED T-03-27 for the Quarter Ending June 22, 2022, Payable on June 22, 2022

Westpac Banking Corporation (ASX:WBC) announces an Equity Buyback for AUD 3,500 million worth of its shares.

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Westpac Banking Corporation Announces Executive Changes

ACN 603 303 126 Pty Ltd completed the acquisition of motor vehicle dealer finance and novated leasing businesses of Westpac Banking Corporation from Westpac Banking Corporation (ASX:WBC).

Colonial First State Reportedly Sets Sights on BT Panorama

Westpac Banking Corporation (ASX:WBC) agreed to acquire MoneyBrilliant Pty Ltd from AMP Limited (ASX:AMP) and Peter Lalor.

Westpac Reportedly Super on the Block

Independent Non-Executive Director recently bought AU$99k worth of stock

Independent Non-Executive Director recently bought AU$199k worth of stock

Independent Non Executive Chairman recently bought AU$116k worth of stock

Full year 2021 earnings released: EPS AU$1.38 (vs AU$0.64 in FY 2020)

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts