Northfield Bancorp (NFBK) got here out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.19 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 10.53%. 1 / 4 in the past, it was anticipated that this holding firm for Northfield Financial institution would put up earnings of $0.16 per share when it really produced earnings of $0.16, delivering no shock.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates two instances.
Northfield
The sustainability of the inventory’s instant worth motion primarily based on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.
Northfield shares have added about 0.6% for the reason that starting of the 12 months versus the S&P 500’s achieve of two.9%.
What’s Subsequent for Northfield?
Whereas Northfield has underperformed the market thus far this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There aren’t any simple solutions to this key query, however one dependable measure that may assist traders deal with that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified these days.
Empirical analysis exhibits a robust correlation between near-term inventory actions and tendencies in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested score instrument 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 Northfield: unfavorable. Whereas the magnitude and path of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #4 (Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You may see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It will likely 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 $0.19 on $32.51 million in revenues for the approaching quarter and $0.95 on $135.93 million in revenues for the present fiscal 12 months.
Traders needs to be aware of the truth that the outlook for the business can have a cloth affect on the efficiency of the inventory as properly. By way of the Zacks Business Rank, Monetary – Financial savings and Mortgage is at present within the high 12% 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 different inventory from the identical business, Pacific Premier Bancorp (PPBI), is but to report outcomes for the quarter ended December 2024. The outcomes are anticipated to be launched on January 23.
This holding firm for Pacific Premier Financial institution is anticipated to put up quarterly earnings of $0.32 per share in its upcoming report, which represents a year-over-year change of -37.3%. The consensus EPS estimate for the quarter has remained unchanged during the last 30 days.
Pacific Premier Bancorp’s revenues are anticipated to be $143.43 million, up 264.1% from the year-ago quarter.
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Northfield Bancorp, Inc. (NFBK) : Free Stock Analysis Report
Pacific Premier Bancorp Inc (PPBI) : Free Stock Analysis Report
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