Banc of California (BANC) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - The market anticipates Banc of California (BANC) will report a year-over-year increase in earnings driven by higher revenues for the quarter ending December 2024, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The earnings report is expected on January 23, 2025, with a consensus EPS estimate of $0.23, reflecting a 150% increase year-over-year. Revenues are projected at $273.08 million, a 41.5% increase from the previous year [3]. - The consensus EPS estimate has been revised 0.93% higher in the last 30 days, indicating a collective reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -5.17%, indicating a bearish outlook from analysts [10][11]. - Despite the negative Earnings ESP, Banc of California holds a Zacks Rank of 2, complicating predictions of an earnings beat [11]. Historical Performance - In the last reported quarter, Banc of California exceeded the expected EPS of $0.14 by delivering $0.25, resulting in a surprise of +78.57%. However, the company has only beaten consensus EPS estimates once in the last four quarters [12][13]. Conclusion - While the company may not be a strong candidate for an earnings beat, investors should consider other factors influencing stock performance ahead of the earnings release [16].