Pacific Premier Bancorp Q3 2024 GAAP EPS $0.37 Misses $0.38 Estimate, Sales $149.765M Beat $139.243M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pacific Premier Bancorp reported Q3 2024 earnings per share of $0.37, missing the consensus estimate of $0.38. However, the company exceeded sales expectations with $149.765 million, surpassing the estimate of $139.243 million. Despite this, sales decreased by 10.91% compared to the same period last year.
October 24, 2024 | 10:04 am
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Pacific Premier Bancorp's Q3 2024 earnings per share of $0.37 missed the consensus estimate, but sales of $149.765 million exceeded expectations. Sales decreased by 10.91% year-over-year.
The earnings per share miss is a negative indicator, but the sales beat is a positive one. The year-over-year sales decline is a concern, balancing the short-term impact to neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100