Preferred Bank expected to post earnings of $2.38 a share - Earnings Preview

Preferred Bank

19/04/2024 13:48

* Preferred Bank  PFBC.OQ   PFBC.O  is expected to show a
fall in
quarterly revenue when it reports  results on April 23 for the
period ending March 31 2024
    * The Los Angeles California-based  company is expected to
report
a 9.3% decrease in revenue to $66.879 million from $73.72
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Preferred Bank is for
earnings
of $2.38 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"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
$82.50​, above​ its last closing price of $72.24. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  2.55        2.54       2.60      Beat    2.4
 Sep. 30 2023  2.57        2.56       2.71      Beat    5.8
 Jun. 30 2023  2.47        2.45       2.61      Beat    6.3​
 Mar. 31 2023  2.52        2.56       2.61      Beat    2
 ​​Dec.        2.58        2.57       2.71      Beat    5.5
 31 2022                                                
 Sep. 30 2022  2.16        2.13       2.40      Beat    12.6​
 Jun. 30 2022  1.81        1.79       1.87      Beat    4.8
 Mar. 31 2022  1.69        1.69       1.74      Beat    3.3
 This summary was machine generated April 19 at 12:48 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)