Central Pacific Financial Corp expected to post earnings of 85 cents a share - Earnings Preview

What happened

Central Pacific Financial Corp is expected to report a 4.8% rise in quarterly revenue to $64.238 million from $61.3 million a year earlier, according to the mean estimate from five analysts, based on LSEG data. Analysts expect earnings of 85 cents a share in results due October 28.

Confirmed

Global impact / market context

Revenue growth would suggest the Hawaii-based bank is expanding its business, while the 85-cent profit estimate shows what analysts expect per share. Investors will compare actual results with these figures, because beating or missing them can change how the stock is valued.

Analyst inference

Analysts rate the shares a "hold" overall: two say buy, three say hold and none say sell. The median 12-month price target is $42.50, about 12.8% above the last closing price of $37.69, which suggests modest expected upside.

Analyst inference

What to watch

1. Watch whether reported revenue reaches the $64.238 million mean estimate, a 4.8% increase from $61.3 million a year earlier, and whether earnings per share meet the 85-cent estimate. Confirmed
2. Watch whether profit beats or misses estimates, since the company beat in four of the last eight quarters, with results ranging from a beat to a large miss in that period. Analyst inference
3. Watch whether actual results lead analysts to change their "hold" rating or $42.50 median price target, since the mean earnings estimate was unchanged over the last three months. Proposed

Evidence

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