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

PacWest Bancorp

24/10/2023 14:33

* PacWest Bancorp  PACW.OQ  reported a quarterly adjusted
loss
of 31 cents​​ per share for the quarter ended in September. The
mean expectation of nine analysts for the quarter was
for earnings of 6 cents per share.
    * Revenue fell 53.3% to $174.54 million from a year ago;
analysts
expected $206.96 million. 
    * PacWest Bancorp's reported EPS for the quarter was a loss
of 28
cents​.
    * The mean earnings estimate of analysts had fallen by
about 48%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * PacWest Bancorp shares had fallen by 7.7% this quarter and
lost 68.2% so far this year.
    * The company reported a quarterly loss of $33.29 million.
    * Wall Street's median 12-month price target for PacWest
Bancorp
is $9.75 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
October 24 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.06           -0.31          Missed
 Jun. 30 2023      0.17           0.22           Beat
 Mar. 31 2023      0.61           0.66           Beat
 Dec. 31 2022      0.97           0.51           Missed