Columbia Financial Inc reports results for the quarter ended in September 30 - Earnings Summary

Columbia Financial

24/10/2024 17:06

* Columbia Financial Inc  CLBK.OQ  reported quarterly
adjusted
earnings of 6 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 9 cents.  The mean expectation of two analysts
for the quarter was for earnings of 6 cents per share. 
    * Revenue fell 6.7% to $45.28 million from a year ago;
analysts
expected $45.86 million. 
    * Columbia Financial Inc's reported EPS for the quarter was
6
cents​.
    * The company reported quarterly net income of $6.19
million.
    * Columbia Financial Inc shares had risen by 0.2% this
quarter and
lost 11.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 33.3%
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 $19.00 
This summary was machine generated from LSEG data October 24 at
04:05 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
 Sep. 30 2024      0.06           0.06           Met
 Jun. 30 2024      0.04           0.04           Met
 Mar. 31 2024      0.05           -0.01          Missed
 Dec. 31 2023      0.07           0.06           Missed