Peapack-Gladstone (PGC) Q1 Earnings Miss Estimates

Company Performance - Peapack-Gladstone (PGC) reported quarterly earnings of $0.43 per share, missing the Zacks Consensus Estimate of $0.51 per share, and down from $0.48 per share a year ago, representing an earnings surprise of -15.69% [1] - The company posted revenues of $64.36 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.37%, and up from $53.08 million year-over-year [2] - Over the last four quarters, Peapack-Gladstone has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - Peapack-Gladstone shares have declined approximately 19.4% since the beginning of the year, compared to a decline of -12.3% for the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $0.62 on revenues of $67.05 million, and for the current fiscal year, it is $2.61 on revenues of $272.47 million [7] Industry Outlook - The Zacks Industry Rank for Banks - Northeast, to which Peapack-Gladstone belongs, is currently in the top 25% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that the industry outlook can significantly impact stock performance [5][8]