Pacific Premier Bancorp Q2 2024 GAAP EPS $0.43, Inline, Sales $154.616M Beat $145.769M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pacific Premier Bancorp (NASDAQ:PPBI) reported Q2 2024 GAAP EPS of $0.43, meeting analyst estimates, and sales of $154.616M, beating estimates by 6.07%. However, both EPS and sales decreased compared to the same period last year.
July 24, 2024 | 10:07 am
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Pacific Premier Bancorp reported Q2 2024 GAAP EPS of $0.43, meeting analyst estimates, and sales of $154.616M, beating estimates by 6.07%. Despite the beat, both EPS and sales decreased compared to the same period last year.
The earnings per share met analyst expectations, which is neutral news. The sales beat expectations, which is positive, but both EPS and sales showed a year-over-year decline, which is negative. The mixed results suggest a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100