PCB Bancorp (PCB) got here out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.23 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 37.50%. 1 / 4 in the past, it was anticipated that this firm would submit earnings of $0.36 per share when it really produced earnings of $0.38, delivering a shock of 5.56%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 4 occasions.
PCB Bancorp, which belongs to the Zacks Banks – Southwest business, posted revenues of $20.68 million for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 2.10%. This compares to year-ago revenues of $18.59 million. The corporate has topped consensus income estimates 3 times over the past 4 quarters.
The sustainability of the inventory’s fast value motion based mostly on the recently-released numbers and future earnings expectations will largely rely upon administration’s commentary on the earnings name.
PCB Bancorp shares have added about 41.2% because the starting of the 12 months versus the S&P 500’s achieve of 10.1%.
What’s Subsequent for PCB Bancorp?
Whereas PCB Bancorp has outperformed the market to this point this 12 months, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There are not any simple solutions to this key query, however one dependable measure that may assist buyers handle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified recently.
Empirical analysis reveals a powerful correlation between near-term inventory actions and tendencies in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested score device just like the Zacks Rank, which has a formidable observe document of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for PCB Bancorp was combined. Whereas the magnitude and route of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out according to the market within the close to future. You possibly can see the entire listing of at present’s Zacks #1 Rank (Robust Purchase) shares right here.
Will probably be fascinating to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.40 on $21.35 million in revenues for the approaching quarter and $1.43 on $82.1 million in revenues for the present fiscal 12 months.
Traders must be aware of the truth that the outlook for the business can have a fabric influence on the efficiency of the inventory as nicely. When it comes to the Zacks Trade Rank, Banks – Southwest is presently within the high 19% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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PCB Bancorp (PCB): Free Inventory Evaluation Report
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