Kearny Financial Corp reports results for the quarter ended in September 30 - Earnings Summary

Kearny Financial

24/10/2024 16:59

* Kearny Financial Corp  KRNY.OQ  reported quarterly
adjusted
earnings of 10 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 16 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 10 cents per
share.
    * Revenue fell 17.1% to $32.45 million from a year ago;
analysts
expected $32.82 million. 
    * Kearny Financial Corp's reported EPS for the quarter was
10
cents​.
    * The company reported quarterly net income of $6.09
million.
    * Kearny Financial Corp shares had risen by 5.2% this
quarter and
lost 19.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.6%
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 7.63 
This summary was machine generated from LSEG data October 24 at
03:59 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      0.09           0.10           Beat
 Jun. 30 2024      0.09           -1.45          Missed
 Mar. 31 2024      0.11           0.12           Beat
 Dec. 31 2023      0.05           0.11           Beat