Banc of California Inc reports results for the quarter ended in September 30 - Earnings Summary
23/10/2024 05:20
* Banc of California Inc BANC.N reported quarterly
adjusted
earnings of 25 cents per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 30 cents. The mean expectation of
eleven analysts for the quarter was for earnings of 10 cents per
share. Wall Street expected results to range from -7 cents to 16
cents per share.
* Revenue rose 235.4% to $232.18 million from a year ago;
analysts
expected $227.50 million.
* Banc of California Inc's reported EPS for the quarter was
a loss
of 1 cent.
* The company reported a quarterly loss of $1.16 million.
* Banc of California Inc shares had risen by 0.5% this
quarter and
gained 10.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 44.5%
in the last three months.
* In the last 30 days, four analysts negatively revised
earnings
estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the banks peer
group is
also "buy"
Wall Street's median 12-month price target for Banc of
California Inc is $17.00
This summary was machine generated from LSEG data October 23 at
04:20 a.m. UTC. All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.10 0.25 Beat
Jun. 30 2024 0.19 0.10 Missed
Mar. 31 2024 0.22 0.19 Missed
Dec. 31 2023 -0.08 1.49 Beat