Preferred Bank's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Preferred Bank (NASDAQ:PFBC) is set to release its quarterly earnings report on October 17, 2023. Analysts estimate an earnings per share (EPS) of $2.56. 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 9.58% decrease over the last 52-week period.
October 16, 2023 | 3:00 pm
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Preferred Bank is expected to report an EPS of $2.56 in its upcoming earnings report. Despite a history of beating EPS estimates, the bank's shares have decreased by 9.58% over the past year.
The upcoming earnings report is a significant event for Preferred Bank. While the bank has a history of beating EPS estimates, which typically leads to a positive impact on the share price, the overall trend for the bank's shares has been negative over the past year. This suggests that other factors may be influencing the bank's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100