For the quarter ended June 2024, Peapack-Gladstone (PGC) reported revenue of $56.6 million, down 1.6% over the same period last year. EPS came in at $0.42, compared to $0.81 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $56.8 million, representing a surprise of -0.36%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.42.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Peapack-Gladstone performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net interest margin: 2.3% compared to the 2.3% average estimate based on two analysts.
- Efficiency ratio: 76.2% versus 72.6% estimated by two analysts on average.
- Total Non Interest Income: $21.56 million compared to the $18.58 million average estimate based on two analysts.
- Net Interest Income: $35.04 million compared to the $37.23 million average estimate based on two analysts.
Shares of Peapack-Gladstone have returned +28.4% over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Check Out These Stocks Before They Report Earnings (Free Report)
A stock can jump +10-20% in a single day after a positive earnings surprise. What if you could get in early on those stocks? It could be the "holy grail" of stock picking for investors.
Zacks' new special report is designed to do exactly that. It reveals 5 promising stocks experts predict will crush earnings estimates and skyrocket in price.
Download Earnings Season Profit Secrets today, absolutely free.Peapack-Gladstone Financial Corporation (PGC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
