Preferred Bank Earnings Preview
Portfolio Pulse from Benzinga Insights
Preferred Bank (NASDAQ:PFBC) is scheduled to release its quarterly earnings report on January 24, 2024. Analysts predict an EPS of $2.54. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, PFBC's stock price has shown mixed reactions to earnings reports. The stock was trading at $73.34 as of January 22, with a 5.81% increase over the last 52 weeks. The upcoming earnings report could influence the stock's performance.
January 23, 2024 | 5:00 pm
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Preferred Bank is expected to report an EPS of $2.54 for the upcoming quarter. Historical data shows the stock price can fluctuate post-earnings, regardless of beats or misses. The stock is up 5.81% over the past year, indicating a positive sentiment among long-term investors.
The expected EPS is a key figure that investors watch, but the stock's reaction to the earnings report can be influenced by various factors including the actual earnings result, the comparison to estimates, and the future guidance provided by the company. Historical performance shows that even when beating estimates, the stock price has not always reacted positively. The positive year-over-year stock performance suggests a bullish sentiment, but the actual short-term impact of the earnings report remains uncertain.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100