Market Overview

Earnings Preview: Preferred Bank

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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

 

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