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Countdown to Preferred Bank (PFBC) Q3 Earnings: Wall Street Forecasts for Key Metrics
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Wall Street analysts forecast that Preferred Bank (PFBC - Free Report) will report quarterly earnings of $2.57 per share in its upcoming release, pointing to a year-over-year increase of 4.5%. It is anticipated that revenues will amount to $72.3 million, exhibiting no change compared to compared to the year-ago quarter.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Preferred Bank metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Net Interest Margin' should arrive at 3.8%. Compared to the current estimate, the company reported 4.1% in the same quarter of the previous year.
Analysts expect 'Efficiency Ratio' to come in at 30.3%. The estimate compares to the year-ago value of 30.6%.
Analysts predict that the 'Total non-performing loans' will reach $37.12 million. The estimate is in contrast to the year-ago figure of $19.36 million.
The collective assessment of analysts points to an estimated 'Average Interest - Earning Assets' of $7.19 billion. Compared to the current estimate, the company reported $6.68 billion in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Total non-performing assets' will likely reach $49.68 million. Compared to the present estimate, the company reported $34.44 million in the same quarter last year.
The consensus estimate for 'Net interest income before provision for credit losses' stands at $68.92 million. The estimate compares to the year-ago value of $68.85 million.
The average prediction of analysts places 'Total noninterest income' at $3.60 million. Compared to the present estimate, the company reported $3.46 million in the same quarter last year.
Shares of Preferred Bank have experienced a change of -1.9% in the past month compared to the +1% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), PFBC is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Countdown to Preferred Bank (PFBC) Q3 Earnings: Wall Street Forecasts for Key Metrics
Wall Street analysts forecast that Preferred Bank (PFBC - Free Report) will report quarterly earnings of $2.57 per share in its upcoming release, pointing to a year-over-year increase of 4.5%. It is anticipated that revenues will amount to $72.3 million, exhibiting no change compared to compared to the year-ago quarter.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Preferred Bank metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Net Interest Margin' should arrive at 3.8%. Compared to the current estimate, the company reported 4.1% in the same quarter of the previous year.
Analysts expect 'Efficiency Ratio' to come in at 30.3%. The estimate compares to the year-ago value of 30.6%.
Analysts predict that the 'Total non-performing loans' will reach $37.12 million. The estimate is in contrast to the year-ago figure of $19.36 million.
The collective assessment of analysts points to an estimated 'Average Interest - Earning Assets' of $7.19 billion. Compared to the current estimate, the company reported $6.68 billion in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Total non-performing assets' will likely reach $49.68 million. Compared to the present estimate, the company reported $34.44 million in the same quarter last year.
The consensus estimate for 'Net interest income before provision for credit losses' stands at $68.92 million. The estimate compares to the year-ago value of $68.85 million.
The average prediction of analysts places 'Total noninterest income' at $3.60 million. Compared to the present estimate, the company reported $3.46 million in the same quarter last year.
View all Key Company Metrics for Preferred Bank here>>>Shares of Preferred Bank have experienced a change of -1.9% in the past month compared to the +1% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), PFBC is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .