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

Pacific Premier Bancorp

27/07/2023 14:32

* Pacific Premier Bancorp Inc  PPBI.OQ  reported quarterly
adjusted earnings of 60 cents​​ per share for the quarter ended
in June. The mean expectation of seven analysts for the quarter
was for earnings of 58 cents per share.
    * Revenue fell 7.3% to $160.09 million from a year ago;
analysts
expected $161.23 million. 
    * Pacific Premier Bancorp Inc's reported EPS for the quarter
was
60 cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Pacific Premier Bancorp Inc shares had risen by 21.8% this
quarter and lost 20.2% so far this year.
    * The company reported quarterly net income of $57.64
million.
    * Wall Street's median 12-month price target for Pacific
Premier
Bancorp Inc is $24.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
27 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.58           0.60           Beat
 Mar. 31 2023      0.69           0.66           Missed
 Dec. 31 2022      0.78           0.77           Missed
 Sep. 30 2022      0.76           0.77           Beat