Zacks: Brokerages Anticipate Park National Co. (NASDAQ:PRK) to Announce $1.29 EPS

Wall Street brokerages forecast that Park National Co. (NASDAQ:PRK) will report earnings per share of $1.29 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Park National’s earnings. The lowest EPS estimate is $0.87 and the highest is $1.70. Park National reported earnings of $1.89 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 31.7%. The business is expected to issue its next quarterly earnings report on Monday, October 26th.

According to Zacks, analysts expect that Park National will report full year earnings of $6.38 per share for the current fiscal year, with EPS estimates ranging from $5.94 to $6.86. For the next financial year, analysts anticipate that the firm will report earnings of $5.84 per share, with EPS estimates ranging from $4.87 to $7.35. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Park National.

Park National (NASDAQ:PRK) last posted its quarterly earnings data on Monday, July 27th. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.29. The firm had revenue of $112.15 million during the quarter, compared to analysts’ expectations of $99.16 million.

PRK has been the subject of a number of recent research reports. BidaskClub lowered Park National from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Boenning Scattergood reissued an “underperform” rating on shares of Park National in a research note on Thursday, September 24th.

Shares of NASDAQ PRK traded up $0.08 during midday trading on Friday, reaching $82.04. The company had a trading volume of 4,373 shares, compared to its average volume of 96,727. Park National has a one year low of $64.53 and a one year high of $105.52.

About Park National

Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in Ohio, Northern Kentucky, North Carolina, and South Carolina. It offers deposits for demand, savings, and time accounts; trust and wealth management services; cash management services; safe deposit operations; electronic funds transfers; Internet and mobile banking solutions with bill pay service; credit cards; and various additional banking-related services for individual customers.

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