Examining the Future: Preferred Bank's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Preferred Bank (NASDAQ:PFBC) is set to release its quarterly earnings on October 21, 2024. Analysts expect an EPS of $2.38. Investors are keen on not just an earnings beat but also positive future guidance. Past performance shows that guidance can significantly impact stock prices.
October 18, 2024 | 4:01 pm
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Preferred Bank is expected to announce its quarterly earnings with an EPS of $2.38. Investors are looking for not just an earnings beat but also positive guidance, which can significantly impact stock prices.
The upcoming earnings release is crucial for Preferred Bank as it can influence short-term stock price movements. An earnings beat and positive guidance could lead to a price increase, as seen in past performance where a beat led to a 4.68% rise. The market is particularly sensitive to guidance, which can overshadow the actual earnings result.
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