Pacific Premier Bancorp Q3 EPS $0.48 Misses $0.55 Estimate, Sales $168.10M Beat $155.37M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pacific Premier Bancorp (NASDAQ:PPBI) reported Q3 earnings of $0.48 per share, missing the analyst consensus estimate of $0.55 by 12.73%. This is a 37.66% decrease from the same period last year. However, the company reported quarterly sales of $168.10 million, beating the analyst consensus estimate of $155.37 million by 8.19%. This is a 16.48% decrease from the same period last year.
October 24, 2023 | 10:00 am
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Pacific Premier Bancorp's Q3 earnings missed estimates but sales beat expectations. This mixed result could lead to uncertainty in the market.
Pacific Premier Bancorp's earnings miss could negatively impact the stock price, but the sales beat could offset this. The mixed results make the short term impact uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100