Peapack-Gladstone (PGC) Misses Q2 Earnings Estimates

Group 1: Earnings Performance - Peapack-Gladstone (PGC) reported quarterly earnings of $0.45 per share, missing the Zacks Consensus Estimate of $0.61 per share, but showing an increase from $0.42 per share a year ago, resulting in an earnings surprise of -26.23% [1] - The company posted revenues of $69.74 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.46%, and compared to year-ago revenues of $56.6 million [2] - Over the last four quarters, Peapack-Gladstone has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Peapack-Gladstone shares have lost about 7.1% since the beginning of the year, while the S&P 500 has gained 7.1% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.70 on revenues of $71.97 million, and for the current fiscal year, it is $2.50 on revenues of $280.63 million [7] Group 3: Industry Context - The Zacks Industry Rank for Banks - Northeast, to which Peapack-Gladstone belongs, is currently in the top 30% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]