Pacific Premier Bancorp Inc expected to post earnings of 43 cents a share - Earnings Preview

Pacific Premier Bancorp

22/07/2024 16:01

* Pacific Premier Bancorp Inc  PPBI.OQ   PPBI.O  is expected
to show a fall in quarterly revenue when it reports  results on
July 24 for the period ending June 30 2024
    * The Irvine California-based  company is expected to report
a
8.9% decrease in revenue to $145.769 million from $160.09
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data. (Revenue basis is Net Interest
Income)
    * ​LSEG's mean analyst estimate for Pacific Premier Bancorp
Inc is
for earnings of 43 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"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 Pacific
Premier
Bancorp Inc is $25.00​, below​ its last closing price of $27.25.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.47        0.47       0.49      Beat    4
 Dec. 31 2024  0.48        0.48       0.51      Beat    5.8
 Sep. 30 2023  0.55        0.55       0.48      Missed  -12.7​
 Jun. 30 2023  0.57        0.58       0.60      Beat    3.7
 ​​Mar.        0.68        0.69       0.66      Missed  -4.4
 31 2023                                                
 Dec. 31 2022  0.78        0.78       0.77      Missed  -1​
 Sep. 30 2022  0.77        0.76       0.77      Beat    1.4
 Jun. 30 2022  0.72        0.72       0.73      Beat    2
 This summary was machine generated July 22 at 15:01 GMT.  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)