For the quarter ended March 2024, Provident Monetary (PFS) reported income of $114.48 million, down 12.3% over the identical interval final yr. EPS got here in at $0.43, in comparison with $0.54 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $113.3 million, representing a shock of +1.04%. The corporate delivered an EPS shock of +7.50%, with the consensus EPS estimate being $0.40.
Whereas traders scrutinize income and earnings modifications year-over-year and the way they examine with Wall Road expectations to find out their subsequent transfer, some key metrics at all times supply a extra correct image of an organization’s monetary well being.
Since these metrics play a vital function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher undertaking a inventory’s worth efficiency.
Right here is how Provident Monetary carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Road analysts:
- Internet Curiosity Margin: 2.9% versus the two-analyst common estimate of two.9%.
- Effectivity Ratio: 60.8% versus 60.9% estimated by two analysts on common.
- Complete Non-Curiosity Earnings: $20.81 million versus the two-analyst common estimate of $20.95 million.
- Internet Curiosity Earnings: $93.67 million versus the two-analyst common estimate of $92.34 million.
View all Key Company Metrics for Provident Financial here>>>
Shares of Provident Monetary have returned -9.2% over the previous month versus the Zacks S&P 500 composite’s -1.7% change. The inventory presently has a Zacks Rank #4 (Promote), indicating that it may underperform the broader market within the close to time period.
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Provident Financial Services, Inc (PFS) : Free Stock Analysis Report
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