Published on 24 Oct 2023 on Zacks via Yahoo Finance
PacWest (PACW) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
PacWest Bancorp (PACW) reported $174.54 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 53.3%. EPS of -$0.31 for the same period compares to $1.02 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $213.95 million, representing a surprise of -18.42%. The company delivered an EPS surprise of -720.00%, with the consensus EPS estimate being $0.05.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.