Peapack-Gladstone (PGC) to Report Q1 Results: Wall Street Expects Earnings Growth

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Peapack-Gladstone (PGC) due to higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2] Earnings Expectations - The consensus EPS estimate for Peapack-Gladstone is $0.51 per share, reflecting a +6.3% change year-over-year, while revenues are expected to reach $63.49 million, up 19.6% from the previous year [3] Estimate Revisions - The consensus EPS estimate has been revised down by 0.81% over the last 30 days, indicating a reassessment by analysts regarding the company's earnings prospects [4][10] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates a negative Earnings ESP of -6.93% for Peapack-Gladstone, suggesting analysts have become bearish on the company's earnings outlook [11][10] Historical Performance - In the last reported quarter, Peapack-Gladstone exceeded the expected EPS of $0.47 by delivering $0.52, resulting in a surprise of +10.64%. Over the last four quarters, the company has beaten consensus EPS estimates twice [12][13] Investment Considerations - Despite the negative Earnings ESP, the stock holds a Zacks Rank of 3, making it challenging to predict an earnings beat conclusively. Investors should consider other factors beyond earnings results when making investment decisions [11][16]