Preferred Bank expected to post earnings of $2.39 a share - Earnings Preview

Preferred Bank

23/07/2024 22:23

* Preferred Bank  PFBC.OQ   PFBC.O  is expected to show a
fall in
quarterly revenue when it reports  results on July 25 for the
period ending June 30 2024
    * The Los Angeles California-based  company is expected to
report
a 8.4% decrease in revenue to $67.145 million from $73.31
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Preferred Bank is for
earnings
of $2.39 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
$87.00​, above​ its last closing price of $85.03. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  2.40        2.38       2.44      Beat    2.4
 Dec. 31 2024  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.        2.52        2.56       2.61      Beat    2
 31 2023                                                
 Dec. 31 2022  2.58        2.57       2.71      Beat    5.5​
 Sep. 30 2022  2.16        2.13       2.40      Beat    12.6
 Jun. 30 2022  1.81        1.79       1.87      Beat    4.8
 This summary was machine generated July 23 at 21:23 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)