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

Kearny Financial

25/07/2024 14:32

* Kearny Financial Corp  KRNY.OQ  reported a quarterly
adjusted
loss of $1.45​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of 19 cents.  The mean expectation of two analysts for the
quarter was for earnings of 9 cents per share. Wall Street
expected results to range from 7 cents to 11 cents per share.
    * Revenue fell 2.7% to $39.08 million from a year ago;
analysts
expected $33.51 million. 
    * Kearny Financial Corp's reported EPS for the quarter was a
loss
of $1.45​.
    * The company reported a quarterly loss of $90.08 million.
    * Kearny Financial Corp shares had risen by 15.9% this
quarter and
lost 20.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10%
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 "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 $6.25 
This summary was machine generated from LSEG data July 25 at
01:32 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      0.09           -1.45          Missed
 Mar. 31 2024      0.11           0.12           Beat
 Dec. 31 2023      0.05           0.11           Beat
 Sep. 30 2023      0.14           0.16           Beat