Peapack Gladstone Finl Q3 EPS $0.49 Down From $1.09 YoY, Sales $55.90M Beat $54.54M Estimate
Portfolio Pulse from Benzinga Newsdesk
Peapack Gladstone Finl (NASDAQ:PGC) reported Q3 earnings of $0.49 per share, a 55.05% decrease YoY. The company's quarterly sales were $55.90M, beating the analyst consensus estimate of $54.54M by 2.49%, but representing a 9.70% decrease YoY.
October 24, 2023 | 8:40 pm
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Peapack Gladstone Finl's Q3 earnings per share decreased by 55.05% YoY, while sales beat estimates but were down 9.70% YoY.
The significant decrease in earnings YoY and the decrease in sales YoY, despite beating estimates, could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100