Earnings Preview: Preferred Bank
Preferred Bank (NASDAQ: PFBC) unveils its next round of earnings this Monday, October 19. Get prepared with Benzinga's ultimate preview for Preferred Bank's Q3 earnings.
Earnings and Revenue
Preferred Bank earnings will be near $1.05 per share on sales of $43.73 million, according to analysts. Preferred Bank reported a profit of $1.32 per share when it published results during the same quarter last year. Sales in that period totaled $41.48 million. The Wall Street consensus estimate for earnings would represent a 20.45% decrease for the company. Revenue would be up 5.43% from the year-ago period. Preferred Bank's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q2 2020 | Q1 2020 | Q4 2020 | Q3 2019 |
|---|---|---|---|---|
| EPS Estimate | 0.83 | 1.02 | 1.26 | 1.31 |
| EPS Actual | 1.03 | 1.08 | 1.31 | 1.32 |
| Revenue Estimate | 41.60 M | 40.16 M | 41.21 M | 42.47 M |
| Revenue Actual | 42.18 M | 41.79 M | 40.41 M | 41.48 M |
Stock Performance
Over the past 52-week period, shares of Preferred Bank have declined 35.39%.
Do not be surprised to see the stock move on comments made during its conference call. Preferred Bank is scheduled to hold the call at 14:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/fxbieuzs
Posted-In: Earnings
