Peapack-Gladstone (PGC) reported $56.62 million in income for the quarter ended September 2024, representing a year-over-year enhance of 1.3%. EPS of $0.43 for a similar interval compares to $0.50 a 12 months in the past.
The reported income represents a shock of -2.78% over the Zacks Consensus Estimate of $58.24 million. With the consensus EPS estimate being $0.42, the EPS shock was +2.38%.
Whereas buyers scrutinize income and earnings adjustments year-over-year and the way they examine with Wall Road expectations to find out their subsequent transfer, some key metrics at all times provide a extra correct image of an organization’s monetary well being.
Since these metrics play a vital position in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps buyers higher undertaking a inventory’s worth 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 Road analysts:
- Web curiosity margin: 2.3% in comparison with the two.3% common estimate primarily based on two analysts.
- Effectivity ratio: 79.6% in comparison with the 75.9% common estimate primarily based on two analysts.
- Whole Non Curiosity Revenue: $18.94 million versus $21.61 million estimated by two analysts on common.
- Web Curiosity Revenue: $37.68 million in comparison with the $36.67 million common estimate primarily based on two analysts.
View all Key Company Metrics for Peapack-Gladstone here>>>
Shares of Peapack-Gladstone have returned +3.6% over the previous month versus the Zacks S&P 500 composite’s +2.8% change. The inventory at the moment has a Zacks Rank #3 (Maintain), indicating that it may carry out in keeping with the broader market within the close to time period.
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