Pacific Premier Bancorp Inc reports results for the quarter ended in December - Earnings Summary

Pacific Premier Bancorp

29/01/2024 14:32

* Pacific Premier Bancorp Inc  PPBI.OQ  reported quarterly
adjusted earnings of 51 cents​​ per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of 77 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 48 cents per
share. Wall Street expected results to range from 45 cents to 52
cents per share.
    * Revenue fell 19.1% to $146.79 million from a year ago;
analysts
expected $148.98 million. 
    * Pacific Premier Bancorp Inc's reported EPS for the quarter
was a
loss of $1.44​.
    * The company reported a quarterly loss of $135.94 million.
    * Pacific Premier Bancorp Inc shares had fallen by 3.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 10.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Pacific Premier
Bancorp Inc is $29.00 
This summary was machine generated from LSEG data January 29 at
02:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.48           0.51           Beat
 Sep. 30 2023      0.55           0.48           Missed
 Jun. 30 2023      0.58           0.60           Beat
 Mar. 31 2023      0.69           0.66           Missed