Kearny Financial Corp reports results for the quarter ended in December - Earnings Summary

Kearny Financial

25/01/2024 14:23

* Kearny Financial Corp  KRNY.OQ  reported quarterly
adjusted
earnings of 11 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 26 cents.  The mean expectation of
two analysts for the quarter was for earnings of 5 cents per
share. Wall Street expected results to range from -5 cents to 15
cents per share.
    * Revenue fell 20% to $35.84 million from a year ago;
analysts
expected $37.31 million. 
    * Kearny Financial Corp's reported EPS for the quarter was a
loss
of 14 cents​.
    * The company reported a quarterly loss of $9.02 million.
    * Kearny Financial Corp shares had fallen by 7.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 60%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Kearny Financial
Corp is $8.38 
This summary was machine generated from LSEG data January 25 at
02:22 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      0.05           0.11           Beat
 Sep. 30 2023      0.14           0.16           Beat
 Jun. 30 2023      0.14           0.19           Beat
 Mar. 31 2023      0.16           0.17           Beat