PacWest Bancorp reports results for the quarter ended in June - Earnings Summary

PacWest Bancorp

25/07/2023 23:23

* PacWest Bancorp  PACW.OQ  reported quarterly adjusted
earnings
of 22 cents​​ per share for the quarter ended in June. The mean
expectation of ten analysts for the quarter was for earnings of
20 cents per share.
    * Revenue fell 83.8% to $57.99 million from a year ago;
analysts
expected $51.36 million. 
    * PacWest Bancorp's reported EPS for the quarter was a loss
of
$1.75​.
    * The mean earnings estimate of analysts had fallen by
about 59%
in the last three months.​ 
    * In the last 30 days, eight analysts negatively revised
earnings
estimates 
    * PacWest Bancorp shares had risen by 29.3% this quarter and
lost 54.1% so far this year.
    * The company reported a quarterly loss of $207.36 million.
    * Wall Street's median 12-month price target for PacWest
Bancorp
is $10.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
25 at 10:23 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.20           0.22           Beat
 Mar. 31 2023      0.61           0.66           Beat
 Dec. 31 2022      0.97           0.51           Missed
 Sep. 30 2022      1.06           1.02           Missed