First Financial Northwest Inc reports results for the quarter ended in June - Earnings Summary

First Financial Northwest

25/07/2024 16:01

* First Financial Northwest Inc  FFNW.OQ  reported quarterly
adjusted earnings of 17 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of 16 cents.  The mean expectation of
three analysts for the quarter was for earnings of 4 cents per
share. Wall Street expected results to range from 3 cents to 4
cents per share.
    * Revenue fell 13% to $8.97 million from a year ago;
analysts
expected $8.77 million. 
    * First Financial Northwest Inc's reported EPS for the
quarter was
17 cents​.
    * The company reported quarterly net income of $1.56
million.
    * First Financial Northwest Inc shares had risen by 5.0%
this
quarter and gained 64.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 46.2%
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 2 "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 First Financial
Northwest Inc is $22.00 
This summary was machine generated from LSEG data July 25 at
03:01 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
 Jun. 30 2024      0.04           0.17           Beat
 Mar. 31 2024      0.07           -0.12          Missed
 Dec. 31 2023      0.14           0.13           Missed
 Sep. 30 2023      0.15           0.16           Beat