Preferred Bank expected to post earnings of $1.79 a share - Earnings Preview

Preferred Bank

18/07/2022 21:30

* Preferred Bank  PFBC.OQ   PFBC.O  is expected to show a
rise in
quarterly revenue when it reports  results on July 20. 
    * The Los Angeles California-based  company is expected to
report 
a 28.1% increase in revenue to $55.53 million from $43.36
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Preferred Bank is
for
earnings of $1.79 per share. For the same quarter last year, the
company reported earnings of $1.44 per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"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 Preferred
Bank is
$87.5​, above​ its last closing price of $69.04. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  1.69        1.69       1.74      Beat    3.3
 Dec. 31 2022  1.74        1.72       1.80      Beat    4.7
 Sep. 30 2021  1.63        1.62       1.76      Beat    8.7​
 Jun. 30 2021  1.43        1.46       1.44      Missed  -1
 ​​Mar.        1.39        1.37       1.42      Beat    3.3
 31 2021                                                
 Dec. 31 2020  1.17        1.16       1.40      Beat    20.4​
 Sep. 30 2020  1.07        1.05       1.15      Beat    9.3
 Jun. 30 2020  0.85        0.83       1.03      Beat    24.6
 This summary was machine generated July 18 at 20:30 GMT.  All
figures in US dollars  unless otherwise stated