Pacific Premier Bancorp Q4 Adj EPS $0.51 Beats $0.48 Estimate, Adj Sales $166.66M Beat $148.98M Estimate
Portfolio Pulse from totan@benzinga.com
Pacific Premier Bancorp (NASDAQ:PPBI) exceeded analyst expectations for Q4 with an adjusted EPS of $0.51, surpassing the estimate of $0.48, and adjusted sales of $166.66M, beating the estimate of $148.98M. However, these figures represent a decrease from the previous year, with earnings down 33.77% and sales down 17.45%.
January 29, 2024 | 11:07 am
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Pacific Premier Bancorp reported a strong Q4 with adjusted EPS and sales beating estimates, but experienced a significant decrease compared to last year's figures.
While PPBI's Q4 performance exceeded analyst estimates, the year-over-year decline in both earnings and sales may temper investor enthusiasm. The beat on estimates could provide some positive sentiment, but the significant decreases compared to the previous year's figures could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100