Sell-side is Weighing in on PacWest Bancorp (NASDAQ:PACW) Earnings & Targets


Company earnings numbers are typically highly analyzed by investors and analysts alike. Earnings are important because they can provide insight into a company’s profitability. Sell-side Street analysts are expecting PacWest Bancorp (NASDAQ:PACW) to post quarterly EPS of $0.73. The company is next scheduled to release earnings on or around 2016-10-20 for the period ending 2016-09-30

Whether a company misses or beats analyst estimates, the earnings report may guide short-term stock price movemments. Investors may also take note of the directional trend of estimates before a company’s earnings report. The company most recently posted actual quarterly EPS of $0.68 compared to the Zacks Research consensus estimate of $0.72. The resulting difference was $-0.04 creating a surprise factor of -5.56%. 7 brokerage firms are currently covering PacWest Bancorp. These analysts polled by Zacks Research currently have a mean target price of $46.214 on the stock. The highest target is currently $50 and the most conservative target sees the stock hitting $41 within the year.

Zacks Research uses an analyst ratings scale from 1 to 5. On this scale, a 1 would represent a Strong Buy, and a 5 rating would signal a Strong Sell recommendation. Combining all the recommendations on PacWest Bancorp (NASDAQ:PACW), the mean currently stands at 1.86.

Analyst recommendations and estimates are for informational purposes only and should be used along with a number of other factors when considering an investment position. 

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