Preferred Bank Q2 2024 GAAP EPS $2.48 Beats $2.39 Estimate, Sales $66.107M Miss $67.145M Estimate
Portfolio Pulse from Benzinga Newsdesk
Preferred Bank (NASDAQ:PFBC) reported Q2 2024 GAAP EPS of $2.48, beating the estimate of $2.39, but sales of $66.107M missed the $67.145M estimate. EPS decreased by 4.98% YoY, and sales decreased by 9.82% YoY.
July 25, 2024 | 9:09 pm
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Preferred Bank's Q2 2024 earnings per share (EPS) of $2.48 beat the analyst estimate of $2.39, but sales of $66.107 million missed the $67.145 million estimate. EPS decreased by 4.98% year-over-year (YoY), and sales decreased by 9.82% YoY.
While Preferred Bank's EPS beat estimates, the miss on sales and the YoY declines in both EPS and sales may create mixed sentiment among investors. The stock price may experience volatility as the market digests the positive EPS beat against the negative sales miss and YoY declines.
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