Back to top

Image: Bigstock

Park National (PRK) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Read MoreHide Full Article

For the quarter ended September 2023, Park National (PRK - Free Report) reported revenue of $121.98 million, down 11.3% over the same period last year. EPS came in at $2.28, compared to $1.93 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $116.32 million, representing a surprise of +4.87%. The company delivered an EPS surprise of +21.28%, with the consensus EPS estimate being $1.88.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Park National performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net Interest Margin [%]: 4.1% versus 4% estimated by two analysts on average.
  • Efficiency ratio: 63.3% compared to the 64.4% average estimate based on two analysts.
  • Total Non Interest Income: $27.71 million versus the two-analyst average estimate of $25.25 million.
  • Net Interest Income: $94.27 million versus the two-analyst average estimate of $92.06 million.
View all Key Company Metrics for Park National here>>>

Shares of Park National have returned -1.4% over the past month versus the Zacks S&P 500 composite's -4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Park National Corporation (PRK) - free report >>

Published in