Central Pacific FinancialNYSE: CPF

Central Pacific Financial (CPF) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Central Pacific Financial (CPF) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.53 per share a year ago.

HONOLULU--(BUSINESS WIRE)--Central Pacific Financial Corp. (NYSE: CPF), parent company of Central Pacific Bank, will release its second quarter 2024 earnings on July 31, 2024, before the open of the New York Stock Exchange. Management will review the results by conference call and live audio webcast beginning at 1:00 p.m. Eastern Time (7:00 a.m. Hawaii Time) on July 31, 2024. Interested parties may listen to the conference by calling 1-800-715-9871 (conference ID: 9836028), or by listening to t.

Central Pacific Financial (CPF) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Central Pacific's (CPF) solid loans and deposit balance, balance sheet optimization efforts and swap initiatives are likely to aid its financials. This makes the stock an attractive pick for investors.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

At Zacks, we prioritize the Zacks Rank system, which highlights earnings estimates and revisions to identify top stocks. However, we also keep a close eye on current value, growth, and momentum trends to highlight strong investment choices.

At Zacks, we prioritize the Zacks Rank system, which highlights earnings estimates and revisions to identify top stocks. However, we also keep a close eye on current value, growth, and momentum trends to emphasize strong selections.

Central Pacific Financial Corp. (NYSE: CPF), the holding company of Central Pacific Bank, will announce its first quarter 2024 earnings on April 24, 2024, before the New York Stock Exchange opens. The management will discuss the results via conference call and live audio webcast starting at 1:00 p.m. Eastern Time (7:00 a.m. Hawaii Time) on the same day. To participate, interested individuals can dial 1-800-715-9871 (conference ID: 1551295) or listen online.