Brokerages predict that Park National Co. (NYSE:PRK – Get Rating) will announce sales of $110.02 million for the current quarter, Zacks reports. Three analysts have issued estimates for Park National’s earnings, with the highest sales estimate coming in at $111.87 million and the lowest estimate coming in at $108.10 million. Park National posted sales of $114.82 million in the same quarter last year, which would indicate a negative year over year growth rate of 4.2%. The business is expected to report its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Park National will report full year sales of $452.64 million for the current fiscal year, with estimates ranging from $449.30 million to $456.23 million. For the next fiscal year, analysts forecast that the firm will report sales of $471.28 million, with estimates ranging from $465.40 million to $479.40 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Park National.
Separately, StockNews.com began coverage on Park National in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.
Park National Company Profile (Get Rating)
Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in small and medium population areas. The company 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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