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Stock impact report

Preferred Bank (NASDAQ:PFBC) Released Earnings Last Week And Analysts Lifted Their Price Target To US$87.75 [Yahoo! Finance]

Preferred Bank (PFBC) 
Last preferred bank earnings: 4/22 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The company beat expectations with revenues of US$72m arriving 3.1% ahead of forecasts. Statutory earnings per share (EPS) were US$2.44, 2.4% ahead of estimates. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. View our latest analysis for Preferred Bank Taking into account the latest results, Preferred Bank's five analysts currently expect revenues in 2024 to be US$283.5m, approximately in line with the last 12 months. Statutory earnings per share are expected to decline 11% to US$9.69 in the same period. In the lead-up to this report, the analysts had been modelling revenues of US$274.6m and earnings per share (EPS) of US$9.39 in 2024. It looks like there's been a modest increase in sentiment following th Show less Read more
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