Pacific Premier Bancorp Q1 2024 Adj EPS $0.49 Beats $0.47 Estimate, Sales $170.901M Beat $149.350M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pacific Premier Bancorp (PPBI) reported Q1 2024 adjusted EPS of $0.49, surpassing the $0.47 estimate, with sales of $170.901M exceeding the $149.350M forecast. This represents a 9.96% decrease in sales compared to the same period last year.

April 24, 2024 | 10:08 am
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Pacific Premier Bancorp reported higher than expected Q1 2024 earnings and sales, with a slight decrease in sales compared to last year.
Beating both earnings and sales estimates typically has a positive impact on a company's stock price in the short term. The reported decrease in sales year-over-year might temper some of the positive momentum, but the overall beat on expectations is likely to be viewed favorably by investors.
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