PacWest Bancorp expected to post earnings of 6  cents a share - Earnings Preview

PacWest Bancorp

20/10/2023 15:46

* PacWest Bancorp  PACW.OQ   PACW.O  is expected to show a
fall in
quarterly revenue when it reports  results 
    * The Beverly Hills California-based  company is expected to
report  a 44.6% decrease in revenue to $206.965 million from
$373.8 million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for PacWest Bancorp is
for
earnings of 6 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"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 $9.75​, above​ its last closing price of $7.70. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.20        0.17       0.22      Beat    30.5
 Mar. 31 2023  0.52        0.61       0.66      Beat    8.8
 Dec. 31 2022  0.97        0.97       0.51      Missed  -47.4​
 Sep. 30 2022  1.06        1.06       1.02      Missed  -4.1
 ​​Jun.        1.05        1.06       1.02      Missed  -3.8
 30 2022                                                
 Mar. 31 2022  1.05        1.04       1.01      Missed  -2.9​
 Dec. 31 2021  1.00        1.01       1.14      Beat    13.4
 Sep. 30 2021  1.02        1.03       1.17      Beat    13.6
 This summary was machine generated October 20 at 14:46 GMT.  All
figures in US dollars  unless otherwise stated