Northeast Neighborhood Bancorp (NECB) got here out with quarterly earnings of $0.80 per share, lacking the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.82 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of -2.44%. 1 / 4 in the past, it was anticipated that this financial institution holding firm would submit earnings of $0.91 per share when it really produced earnings of $0.95, delivering a shock of 4.40%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 3 times.
Northeast Neighborhood Bancorp
The sustainability of the inventory’s speedy worth motion primarily based on the recently-released numbers and future earnings expectations will largely depend upon administration’s commentary on the earnings name.
Northeast Neighborhood Bancorp shares have added about 5.1% for the reason that starting of the 12 months versus the S&P 500’s acquire of three.2%.
What’s Subsequent for Northeast Neighborhood Bancorp?
Whereas Northeast Neighborhood Bancorp has outperformed the market thus far this 12 months, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There aren’t any straightforward solutions to this key query, however one dependable measure that may assist buyers deal with that is the corporate’s earnings outlook. Not solely does this embrace 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 traits in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested ranking software just like the Zacks Rank, which has a formidable monitor document of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions development for Northeast Neighborhood Bancorp: favorable. Whereas the magnitude and path of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #2 (Purchase) for the inventory. So, the shares are anticipated to outperform the market within the close to future. You may see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It is going to be fascinating to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.74 on $25.55 million in revenues for the approaching quarter and $3.04 on $105.31 million in revenues for the present fiscal 12 months.
Buyers ought to be aware of the truth that the outlook for the business can have a fabric influence on the efficiency of the inventory as properly. When it comes to the Zacks Trade Rank, Banks – Northeast is at the moment within the prime 9% 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 business, Isabella Financial institution Company (ISBA), has but to report outcomes for the quarter ended December 2024.
This firm is anticipated to submit quarterly earnings of $0.49 per share in its upcoming report, which represents a year-over-year change of -3.9%. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days.
Isabella Financial institution Company’s revenues are anticipated to be $18.6 million, up 8.6% from the year-ago quarter.
Ought to You Spend money on Northeast Neighborhood Bancorp Inc. (NECB)?
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Zacks Funding Analysis has been dedicated to offering buyers 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 mean acquire of +24.08% per 12 months. (These returns cowl a interval from January 1, 1988 via Might 6, 2024.)
Northeast Community Bancorp Inc. (NECB) : Free Stock Analysis Report
Isabella Bank Corporation (ISBA) : 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.
