Northeast Community Bancorp Inc reports results for the quarter ended in December - Earnings Summary

Northeast Community Bancorp

02/02/2024 06:39

* Northeast Community Bancorp Inc  NECB.OQ  reported
quarterly
adjusted earnings of 82 cents​​ per share for the quarter ended
in December, higher than the same quarter last year, when the
company reported EPS of 54 cents.  The lone analyst forecast for
the quarter was for earnings of 79 cents per share. 
    * Revenue rose 22.4% to $26.59 million from a year ago;
analysts
expected $26.57 million. 
    * Northeast Community Bancorp Inc's reported EPS for the
quarter
was 82 cents​.
    * The company reported quarterly net income of $12.1
million.
    * Northeast Community Bancorp Inc shares had fallen by 3.9%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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," 1
"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 Northeast
Community Bancorp Inc is $20.00 
This summary was machine generated from LSEG data February 2 at
06:38 a.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      0.79           0.82           Beat
 Sep. 30 2023      0.68           0.80           Beat
 Jun. 30 2023      0.65           0.75           Beat
 Mar. 31 2023      0.61           0.77           Beat