PacWest Banc Q3 Adj EPS $(0.31) Misses $0.06 Estimate, Sales $174.54M Miss $206.96M Estimate
Portfolio Pulse from Benzinga Newsdesk
PacWest Banc reported Q3 losses of $(0.31) per share, missing the analyst consensus estimate of $0.06 by 616.67%. The company's quarterly sales of $174.54 million also missed the analyst consensus estimate of $206.96 million by 15.67%. This represents a 130.39% decrease in earnings and a 53.31% decrease in sales compared to the same period last year.
October 24, 2023 | 10:04 am
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PacWest Banc's Q3 results missed analyst estimates, with a significant decrease in earnings and sales compared to the same period last year.
PacWest Banc's Q3 results significantly missed analyst estimates, with a decrease in earnings of 130.39% and a decrease in sales of 53.31% compared to the same period last year. This could negatively impact investor sentiment and lead to a decrease in the company's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100