Columbia Financial Inc reports results for the quarter ended in December - Earnings Summary

Columbia Financial

25/01/2024 22:21

* Columbia Financial Inc  CLBK.OQ  reported quarterly
adjusted
earnings of 6 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 21 cents.  The mean expectation of
two analysts for the quarter was for earnings of 7 cents per
share. 
    * Revenue fell 33.7% to $45.34 million from a year ago;
analysts
expected $46.40 million. 
    * Columbia Financial Inc's reported EPS for the quarter was
6
cents​.
    * The company reported quarterly net income of $6.57
million.
    * Columbia Financial Inc shares had fallen by 1.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Columbia
Financial Inc is $18.50 
This summary was machine generated from LSEG data January 25 at
10:21 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.07           0.06           Missed
 Sep. 30 2023      0.07           0.09           Beat
 Jun. 30 2023      0.13           0.02           Missed
 Mar. 31 2023      0.19           0.18           Missed