Central Pacific Financial (CPF) Q3 Earnings and Revenues Top Estimates

Core Insights - Central Pacific Financial (CPF) reported quarterly earnings of $0.58 per share, exceeding the Zacks Consensus Estimate of $0.56 per share, and up from $0.49 per share a year ago, representing an earnings surprise of 3.57% [1] - The company achieved revenues of $66.59 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.09% and increasing from $61.98 million year-over-year [2] - Central Pacific Financial shares have appreciated approximately 48.1% year-to-date, significantly outperforming the S&P 500's gain of 22.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.58 on revenues of $66.02 million, and for the current fiscal year, it is $2.20 on revenues of $256.73 million [7] - The estimate revisions trend for Central Pacific Financial is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Industry Context - The Zacks Industry Rank for Banks - West is in the bottom 41% of over 250 Zacks industries, suggesting that the industry outlook may negatively impact stock performance [8]