Central Pacific Financial Corp reports results for the quarter ended December 31 - Earnings Summary

• Central Pacific Financial Corp CPF.N reported quarterly adjusted earnings of 42 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 55 cents. The mean expectation of two analysts for the quarter was for earnings of 62 cents per share. Wall Street expected results to range from 61 cents to 62 cents per share.

• Revenue rose 13.2% to $57.88 million from a year ago; analysts expected $54.89 million.

• Central Pacific Financial Corp's reported EPS for the quarter was 42 cents​.

• The company reported quarterly net income of $11.35 million.

• Central Pacific Financial Corp shares had fallen by 1.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is "hold."

Wall Street's median 12-month price target for Central Pacific Financial Corp is $32.00

This summary was machine generated from LSEG data January 29 at 02:31 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)