Central Pacific Financial Corp reports results for the quarter ended September 30 - Earnings Summary

• Central Pacific Financial Corp CPF.N reported quarterly adjusted earnings of 88 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 73 cents. The mean expectation of five analysts for the quarter was for earnings of 85 cents per share. Wall Street expected results to range from 82 cents to 88 cents per share.

• Revenue rose 5.2% to $64.47 million from a year ago; analysts expected $64.24 million.

• Central Pacific Financial Corp's reported EPS for the quarter was 88 cents​.

• The company reported quarterly net income of $22.78 million.

• Central Pacific Financial Corp shares had risen by 5.4% this quarter and gained 21.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "hold"

• Wall Street's median 12-month price target for Central Pacific Financial Corp is $42.50, about 11% above its last closing price of $37.82

This summary was machine generated from LSEG data October 28 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)