PacWest Bancorp expected to post earnings of 20  cents a share - Earnings Preview

PacWest Bancorp

22/07/2023 03:01

* PacWest Bancorp  PACW.OQ   PACW.O  is expected to show a
fall in
quarterly revenue when it reports  results on July 25. 
    * The Beverly Hills California-based  company is expected to
report  a 85.7% decrease in revenue to $51.362 million from
$358.27 million a year ago, according to the mean estimate from
6 analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for PacWest Bancorp is
for
earnings of 20 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for PacWest
Bancorp
is $11​, above​ its last closing price of $9.71. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.52        0.61       0.66      Beat    8.8
 Dec. 31 2023  0.97        0.97       0.51      Missed  -47.4
 Sep. 30 2022  1.06        1.06       1.02      Missed  -4.1​
 Jun. 30 2022  1.05        1.06       1.02      Missed  -3.8
 ​​Mar.        1.05        1.04       1.01      Missed  -2.9
 31 2022                                                
 Dec. 31 2021  1.00        1.01       1.14      Beat    13.4​
 Sep. 30 2021  1.02        1.03       1.17      Beat    13.6
 Jun. 30 2021  0.98        0.97       1.52      Beat    56.2
 This summary was machine generated July 22 at 02:01 GMT.  All
figures in US dollars  unless otherwise stated