History of Banc of California, Inc. (NYSE:BANC) stock price after earnings

Banc of California, Inc. (NYSE:BANC) is projected to declare fiscal first quarter financial results right before the stock market’s official open on May 02, 2017. The stock added about 41.2 percent in price since last results when it was at $14.8 a share. Based on the most relevant past-periods data, there is an 51.72 percent probability for this firm’s share price to go down following next quarterly results. Earnings reaction history tells us that the equity price moved down 15 times out of last 29 reported quarters. It has beaten earnings-per-share estimates 91% of the time in its last 12 earnings reports. It fell short of earnings estimates on 1 occasions, and it has met expectations 0 time.

Here’s how traders responded to BANC earnings announcements over the past few quarters.

Banc of California, Inc. (BANC) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 16.74 percent over the past four quarters. Back on January 30, 2017, it posted earnings per-share earnings at $0.54 which beat the consensus $0.48 projection (positive surprise of12.5%. For the quarter, revenue came in at 87.06M versus consensus estimate of 88.01M. The stock gained 3.04 percent the session following the earnings reports were released, and on 7th day price change was 10.47 percent.

On October 19, 2016, it reported earnings at $0.59 a share compared with the consensus estimate of $0.42 per share (positive surprise of 40.48%). Revenue of 86.96M for that quarter was below the $87.13M analysts had expected. The stock climbed 18.35% the day following the earnings announcement, and on 7th day price change was 15.31%.

On July 21, 2016, it recorded $0.43 a share in earnings which topped the consensus estimate of $0.41 (positive surprise of 4.88%). Revenue for the quarter was $81.04M while analysts called for revenues to be $79.11M. The stock dropped -0.87% the day following the earnings data was made public, and on 7th day price change was 12.4%.

On April 21, 2016, it announced earnings per share at $0.36 versus the consensus estimate of $0.33 per share (positive surprise of 9.09%). That came on revenues of $70.42M for that period. Analysts had expected $65.9M in revenue.

Banc of California, Inc. Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.49. The analysts’ present consensus range is $0.4-$0.65 for EPS. The market consensus range for revenue is between $81.6M and $92.7M, with an average of $85.5M.

Banc of California, Inc. (NYSE:BANC) last ended at $20.65, sending the company’s market cap near $908.77M. The consensus 12-month price target from analysts covering the stock is $21.43. The share price has declined -11.13% from its top level in 52 weeks and dropped 19.02% this year. It recently traded in a range of $20.5-$20.95 at a volume of 1060347 shares. The recent trading ended with the price nearly 3.51 higher for the last 5 trading days, rebounding 88.93% from its 52-week low.