Preferred Bank(US:PFBC) ZACKS·2024-07-25 23:20Company Performance - Preferred Bank reported quarterly earnings of $2.48 per share, exceeding the Zacks Consensus Estimate of $2.39 per share, but down from $2.61 per share a year ago [1] - The bank's revenues for the quarter ended June 2024 were $69.51 million, missing the Zacks Consensus Estimate by 1.47%, and down from $76.41 million year-over-year [2] - Over the last four quarters, Preferred Bank has surpassed consensus EPS estimates four times [6] Stock Performance - Preferred Bank shares have increased approximately 15.2% since the beginning of the year, compared to a 13.8% gain for the S&P 500 [7] - The current consensus EPS estimate for the upcoming quarter is $2.39 on revenues of $70.45 million, and for the current fiscal year, it is $9.60 on revenues of $281.5 million [9] Industry Context - The Zacks Banks - West industry, to which Preferred Bank belongs, is currently ranked in the bottom 34% of over 250 Zacks industries [14] - The estimate revisions trend for Preferred Bank is currently unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [13]