Earnings Preview For Preferred Bank
Portfolio Pulse from Benzinga Insights
Preferred Bank (NASDAQ:PFBC) is set to release its quarterly earnings report on July 19, 2023. Analysts estimate an EPS of $2.47. The bank's past performance shows a trend of beating EPS estimates, which has generally led to an increase in share price. However, the bank's shares have seen a 17.1% decrease over the last 52-week period.
July 18, 2023 | 4:02 pm
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Preferred Bank is expected to announce its Q2 earnings on July 19, 2023. Despite a history of beating EPS estimates, the bank's shares have decreased by 17.1% over the past year.
Preferred Bank has a history of beating EPS estimates, which typically leads to a short-term increase in share price. However, the bank's shares have been on a downward trend over the past year, indicating a bearish sentiment among long-term shareholders. The upcoming earnings report could potentially influence the stock's price, but it's uncertain whether it will be enough to reverse the negative trend.
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