Earnings Preview: Banc of California
Portfolio Pulse from Benzinga Insights
Banc of California (NYSE:BANC) is set to release its quarterly earnings report on Tuesday, 2023-10-24. Analysts estimate an earnings per share (EPS) of $0.30. The company's past performance shows it beat EPS estimates last quarter, resulting in a 0.62% increase in share price. However, the stock has been down 28.28% over the last 52-week period.
October 23, 2023 | 4:01 pm
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Banc of California is expected to report an EPS of $0.30 in its upcoming earnings. The company's stock price increased by 0.62% after beating EPS estimates last quarter. However, the stock has been down 28.28% over the last 52 weeks.
The upcoming earnings report is a significant event for Banc of California. If the company beats the EPS estimate as it did last quarter, it could positively impact the stock price. However, the overall negative trend in the stock's performance over the past year may temper any potential gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100