Insights into Preferred Bank's Upcoming Earnings

Preferred Bank (NASDAQ:PFBC) is preparing to release its quarterly earnings on Monday, 2024-10-21. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Preferred Bank to report an earnings per share (EPS) of $2.38.

The market awaits Preferred Bank's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Earnings Track Record

The company's EPS beat by $0.09 in the last quarter, leading to a 4.68% increase in the share price on the following day.

Here's a look at Preferred Bank's past performance and the resulting price change:

Quarter	Q2 2024	Q1 2024	Q4 2023	Q3 2023
EPS Estimate	2.39	2.38	2.54	2.56
EPS Actual	2.48	2.44	2.60	2.71
Price Change %	5.0%	-0.0%	-3.0%	-4.0%

Tracking Preferred Bank's Stock Performance

Shares of Preferred Bank were trading at $85.08 as of October 17. Over the last 52-week period, shares are up 39.82%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Preferred Bank visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.