Flushing Monetary (FFIC) got here out with quarterly earnings of $0.14 per share, lacking the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.25 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of -33.33%. 1 / 4 in the past, it was anticipated that this holding firm for Flushing Financial institution would submit earnings of $0.18 per share when it really produced earnings of $0.26, delivering a shock of 44.44%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
Flushing Monetary
The sustainability of the inventory’s quick value motion primarily based on the recently-released numbers and future earnings expectations will largely depend upon administration’s commentary on the earnings name.
Flushing Monetary shares have added about 2.9% for the reason that starting of the yr versus the S&P 500’s acquire of two.2%.
What’s Subsequent for Flushing Monetary?
Whereas Flushing Monetary has outperformed the market thus far this yr, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist traders handle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified recently.
Empirical analysis exhibits a robust correlation between near-term inventory actions and tendencies in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested ranking instrument just like the Zacks Rank, which has a powerful observe file of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions development for Flushing Monetary: favorable. Whereas the magnitude and course of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #1 (Sturdy Purchase) for the inventory. So, the shares are anticipated to outperform the market within the close to future. You’ll be able to see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It is going to be attention-grabbing to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $0.24 on $53.7 million in revenues for the approaching quarter and $1.28 on $228.4 million in revenues for the present fiscal yr.
Traders ought to be conscious of the truth that the outlook for the trade can have a cloth impression on the efficiency of the inventory as effectively. By way of the Zacks Trade Rank, Monetary – Financial savings and Mortgage is at the moment within the high 11% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One other inventory from the identical trade, TFS Monetary (TFSL), has but to report outcomes for the quarter ended December 2024.
This holding firm for Third Federal Financial savings and Mortgage is anticipated to submit quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of -14.3%. The consensus EPS estimate for the quarter has remained unchanged during the last 30 days.
TFS Monetary’s revenues are anticipated to be $75 million, down 0.5% from the year-ago quarter.
Ought to You Spend money on Flushing Monetary Company (FFIC)?
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Zacks Funding Analysis has been dedicated to offering traders with instruments and unbiased analysis since 1978. For greater than 1 / 4 century, the Zacks Rank stock-rating system has greater than doubled the S&P 500 with a median acquire of +24.08% per yr. (These returns cowl a interval from January 1, 1988 by way of Could 6, 2024.)
Flushing Financial Corporation (FFIC) : Free Stock Analysis Report
TFS Financial Corporation (TFSL) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
