Preferred Bank: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Preferred Bank (NASDAQ:PFBC) reported Q4 earnings with an EPS of $2.6, beating estimates by 2.36% but with a revenue decline of $4.72 million from the previous year. Despite beating EPS estimates last quarter, the stock dropped 4.45% the following day.
January 24, 2024 | 9:15 pm
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Preferred Bank reported a higher-than-expected Q4 EPS but with lower revenue compared to last year. Historical data shows a stock price drop following last quarter's earnings beat.
While PFBC beat EPS estimates, the decline in revenue and historical stock price drop following the previous quarter's earnings beat suggest potential negative short-term impact on the stock price.
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