Preferred Bank expected to post earnings of $2.56 a share - Earnings Preview

Preferred Bank

13/10/2023 21:10

* Preferred Bank  PFBC.OQ   PFBC.O  is expected to show a
rise in
quarterly revenue when it reports  results 
    * The Los Angeles California-based  company is expected to
report 
a 8.5% increase in revenue to $72.47 million from $66.79 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 $2.56 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
$70.5​, above​ its last closing price of $63.96. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  2.16        2.13       2.40      Beat    12.6
 ​​Jun.        1.81        1.79       1.87      Beat    4.8
 30 2022                                                
 Mar. 31 2022  1.69        1.69       1.74      Beat    3.3​
 Dec. 31 2021  1.74        1.72       1.80      Beat    4.7
 Sep. 30 2021  1.63        1.62       1.76      Beat    8.7
 This summary was machine generated October 13 at 20:10 GMT.  All
figures in US dollars  unless otherwise stated