Preferred Bank expected to post earnings of $2.54 a share - Earnings Preview

Preferred Bank

22/01/2024 21:03

* Preferred Bank  PFBC.OQ   PFBC.O  is expected to show a
fall in
quarterly revenue when it reports  results on January 24 for the
period ending December 31 2023
    * The Los Angeles California-based  company is expected to
report
a 4.9% decrease in revenue to $70.479 million from $74.11
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data. (Sales is on Net interest income
basis)
    * ​LSEG's mean analyst estimate for Preferred Bank is for
earnings
of $2.54 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
$84.00​, above​ its last closing price of $71.95. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  2.58        2.57       2.71      Beat    5.5
 ​​Sep.        2.16        2.13       2.40      Beat    12.6
 30 2022                                                
 Jun. 30 2022  1.81        1.79       1.87      Beat    4.8​
 Mar. 31 2022  1.69        1.69       1.74      Beat    3.3
 Dec. 31 2021  1.74        1.72       1.80      Beat    4.7
 This summary was machine generated January 22 at 21:02 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)