Banc of California Q2 Adj EPS $0.32 Beats $0.30 Estimate, Sales $69.63M Miss $71.65M Estimate
Portfolio Pulse from vinayak@benzinga.com
Banc of California (NYSE:BANC) reported Q2 earnings of $0.32 per share, beating the analyst consensus estimate of $0.30 by 6.67%. However, this is a 28.89% decrease from the same period last year. The company's quarterly sales were $69.63 million, missing the analyst consensus estimate of $71.65 million by 2.82%, and marking an 11.07% decrease from the same period last year.
July 25, 2023 | 8:20 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Banc of California's Q2 earnings beat estimates but are down from last year. Sales also missed estimates and are down YoY.
Despite beating earnings estimates, Banc of California's earnings and sales are down year-over-year. This could negatively impact investor sentiment and potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100