For the quarter ended March 2024, Peapack-Gladstone (PGC) reported income of $53.08 million, down 14.5% over the identical interval final yr. EPS got here in at $0.48, in comparison with $1.01 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $53.69 million, representing a shock of -1.14%. The corporate delivered an EPS shock of -4.00%, with the consensus EPS estimate being $0.50.
Whereas traders scrutinize income and earnings adjustments year-over-year and the way they evaluate with Wall Avenue expectations to find out their subsequent transfer, some key metrics all the time supply a extra correct image of an organization’s monetary well being.
Since these metrics play an important position in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher venture a inventory’s value efficiency.
Right here is how Peapack-Gladstone carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Avenue analysts:
- Internet curiosity margin: 2.2% in comparison with the two.3% common estimate based mostly on two analysts.
- Effectivity ratio: 75.4% in comparison with the 71.9% common estimate based mostly on two analysts.
- Complete Non Curiosity Earnings: $18.70 million in comparison with the $17.26 million common estimate based mostly on two analysts.
- Internet Curiosity Earnings: $34.38 million versus $36.44 million estimated by two analysts on common.
View all Key Company Metrics for Peapack-Gladstone here>>>
Shares of Peapack-Gladstone have returned +4.7% over the previous month versus the Zacks S&P 500 composite’s -4.2% change. The inventory at the moment has a Zacks Rank #3 (Maintain), indicating that it may carry out according to the broader market within the close to time period.
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
