Premier Financial Q2 Earnings and Revenues Miss Estimates
Premier Financial (NASDAQ: PFC) came out with quarterly earnings of $0.45 per share, missing the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -10%. A quarter ago, it was expected that this holding company for First Federal Bank of the Midwest would post earnings of $0.48 per share when it actually produced earnings of $0.50, delivering a surprise of 4.17%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Premier Financial, which belongs to the Zacks Banks – Northeast industry, posted revenues of $61.3 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 3%. This compares to year-ago revenues of $107.34 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the …
Full story available on Benzinga.com
