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

Pacific Premier Bancorp

24/10/2023 14:32

* Pacific Premier Bancorp Inc  PPBI.OQ  reported quarterly
adjusted earnings of 48 cents​​ per share for the quarter ended
in September. The mean expectation of seven analysts for the
quarter was for earnings of 55 cents per share.
    * Revenue fell 17.4% to $149.55 million from a year ago;
analysts
expected $155.37 million. 
    * Pacific Premier Bancorp Inc's reported EPS for the quarter
was
48 cents​.
    * The mean earnings estimate of analysts had fallen by
about 5% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Pacific Premier Bancorp Inc shares had fallen by 6.0% this
quarter and lost 35.2% so far this year.
    * The company reported quarterly net income of $46.03
million.
    * Wall Street's median 12-month price target for Pacific
Premier
Bancorp Inc is $26.00 
    * 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
October 24 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.55           0.48           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