Peapack Gladstone Finl Q3 EPS $0.43 Beats $0.37 Estimate, Sales $56.62M Beat $56.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Peapack Gladstone Finl (NASDAQ:PGC) reported Q3 earnings of $0.43 per share, beating estimates by 16.22%, despite a 12.24% decrease from last year. Sales were $56.62M, slightly above estimates and a 1.34% increase from last year.
October 22, 2024 | 8:40 pm
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Peapack Gladstone Finl reported Q3 earnings of $0.43 per share, surpassing analyst estimates by 16.22%, though down 12.24% from last year. Sales were $56.62M, slightly above expectations and a 1.34% increase from last year.
The earnings per share (EPS) beat the analyst estimates by a significant margin, which is generally positive for the stock price. However, the EPS is down from the previous year, which may temper enthusiasm. Sales also slightly exceeded expectations, adding a positive note.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100