Earnings Beat: PCB Bancorp Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

It's been a good week for PCB Bancorp (NASDAQ:PCB) shareholders, because the company has just released its latest quarterly results, and the shares gained 2.9% to US$19.00. The result was positive overall - although revenues of US$27m were in line with what the analysts predicted, PCB Bancorp surprised by delivering a statutory profit of US$0.53 per share, modestly greater than expected. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

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Following the latest results, PCB Bancorp's three analysts are now forecasting revenues of US$112.0m in 2025. This would be a solid 13% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to increase 4.7% to US$2.05. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$110.8m and earnings per share (EPS) of US$1.96 in 2025. So the consensus seems to have become somewhat more optimistic on PCB Bancorp's earnings potential following these results.

View our latest analysis for PCB Bancorp

There's been no major changes to the consensus price target of US$21.00, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's clear from the latest estimates that PCB Bancorp's rate of growth is expected to accelerate meaningfully, with the forecast 18% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 7.2% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 7.1% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that PCB Bancorp is expected to grow much faster than its industry.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards PCB Bancorp following these results. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at US$21.00, with the latest estimates not enough to have an impact on their price targets.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple PCB Bancorp analysts - going out to 2026, and you can see them free on our platform here.

You can also see our analysis of PCB Bancorp's Board and CEO remuneration and experience, and whether company insiders have been buying stock.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.