Pacific Premier Bancorp Q2 EPS $0.60 Beats $0.58 Estimate, Sales $180.63M Beat $161.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pacific Premier Bancorp (NASDAQ:PPBI) reported Q2 earnings of $0.60 per share, beating the analyst consensus estimate of $0.58 by 3.45%. However, this is a 17.81% decrease from the same period last year. The company also reported quarterly sales of $180.63 million, surpassing the analyst consensus estimate of $161.22 million by 12.04%, but this is a 7.35% decrease from the same period last year.
July 27, 2023 | 10:01 am
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NEUTRAL IMPACT
Pacific Premier Bancorp's Q2 earnings and sales beat estimates but decreased YoY. This mixed result could lead to uncertain market reactions.
While Pacific Premier Bancorp beat analyst estimates for Q2 earnings and sales, the YoY decrease in both metrics could lead to mixed market reactions. Investors may be pleased with the beat but concerned about the YoY decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100