Pacific Premier Bancorp(US:PPBI) ZACKSยท2024-10-24 12:11Company Performance - Pacific Premier Bancorp reported quarterly earnings of $0.37 per share, missing the Zacks Consensus Estimate of $0.39 per share, and down from $0.48 per share a year ago, representing an earnings surprise of -5.13% [1] - The company posted revenues of $149.77 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 2.26%, and down from $168.1 million year-over-year [1] - Over the last four quarters, the company has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [1] Stock Performance - Pacific Premier Bancorp shares have lost about 11.1% since the beginning of the year, while the S&P 500 has gained 21.5% [2] - The current status of estimate revisions is unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [4] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $0.37 on revenues of $151.55 million, and for the current fiscal year, it is $1.64 on revenues of $626.43 million [4] - The company's earnings outlook will depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3] Industry Context - The Financial - Savings and Loan industry, to which Pacific Premier Bancorp belongs, is currently in the top 23% of over 250 Zacks industries, indicating a favorable industry outlook [5] - Another company in the same industry, BankFinancial, is expected to report quarterly earnings of $0.20 per share, reflecting a year-over-year change of +5.3% [5]