A Preview Of Banc of California's Earnings
Portfolio Pulse from Benzinga Insights
Banc of California (NYSE:BANC) is scheduled to release its quarterly earnings report on January 25, 2024. Analysts predict an EPS of $-0.06. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, the company's stock price has been sensitive to earnings performance and guidance. Last quarter, BANC missed EPS estimates by $0.00, resulting in a 1.38% share price drop the following day. Over the past year, BANC shares have declined by 21.6%.
January 24, 2024 | 3:02 pm
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Banc of California is expected to report an EPS of $-0.06 for the upcoming earnings. Historical data shows that earnings performance and guidance significantly impact BANC's stock price.
The expected EPS of $-0.06 indicates a potential negative outlook, but the actual impact on the stock will depend on whether BANC beats or misses these estimates and the guidance provided. Historical trends show a correlation between earnings performance and stock price movement, but the market's reaction can be unpredictable. The 21.6% decline in share price over the past year suggests a bearish sentiment among investors, which could be exacerbated by a negative report or mitigated by a positive surprise.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100