Preferred Bank Q3 EPS $2.71 Beats $2.56 Estimate, Sales $72.95M Beat $72.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
Preferred Bank (NASDAQ:PFBC) reported Q3 earnings of $2.71 per share, beating the analyst consensus estimate of $2.56 by 5.86%. This is a 12.92% increase from the same period last year. The company also reported quarterly sales of $72.95 million, beating the analyst consensus estimate of $72.47 million by 0.67%. This is a 9.23% increase from the same period last year.
October 17, 2023 | 8:06 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Preferred Bank reported Q3 earnings and sales that beat analyst estimates, with significant increases from the same period last year.
Preferred Bank's Q3 earnings and sales exceeded analyst estimates, which is typically a positive signal for the stock. The significant year-over-year growth in both earnings and sales also indicates strong performance, which could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100