Published on 24 Oct 2023 on Zacks via Yahoo Finance
PacWest Bancorp (PACW) Reports Q3 Loss, Lags Revenue Estimates
PacWest Bancorp (PACW) came out with a quarterly loss of $0.31 per share versus the Zacks Consensus Estimate of $0.05. This compares to earnings of $1.02 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -720%. A quarter ago, it was expected that this holding company for Pacific Western Bank would post earnings of $0.18 per share when it actually produced earnings of $0.22, delivering a surprise of 22.22%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.