Central Pacific Financial Corp. (NYSE:CPF) Analysts Are Pretty Bullish On The Stock After Recent Results

Central Pacific Financial Corp. (NYSE:CPF) shareholders are probably feeling a little disappointed, since its shares fell 3.1% to US$28.51 in the week after its latest third-quarter results. It looks like the results were a bit of a negative overall. While revenues of US$75m were in line with analyst predictions, statutory earnings were less than expected, missing estimates by 4.2% to hit US$0.69 per share. 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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Taking into account the latest results, the current consensus from Central Pacific Financial's three analysts is for revenues of US$310.1m in 2026. This would reflect a solid 19% increase on its revenue over the past 12 months. Per-share earnings are expected to leap 28% to US$3.15. Before this earnings report, the analysts had been forecasting revenues of US$308.2m and earnings per share (EPS) of US$3.16 in 2026. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

View our latest analysis for Central Pacific Financial

With the analysts reconfirming their revenue and earnings forecasts, it's surprising to see that the price target rose 7.8% to US$34.50. It looks as though they previously had some doubts over whether the business would live up to their expectations. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Central Pacific Financial analyst has a price target of US$35.00 per share, while the most pessimistic values it at US$34.00. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Central Pacific Financial's past performance and to peers in the same industry. The analysts are definitely expecting Central Pacific Financial's growth to accelerate, with the forecast 15% annualised growth to the end of 2026 ranking favourably alongside historical growth of 1.9% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 8.1% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Central Pacific Financial to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Central Pacific Financial analysts - going out to 2027, and you can see them free on our platform here.

You can also see our analysis of Central Pacific Financial'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.