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

Northeast Community Bancorp

26/07/2023 21:36

* Northeast Community Bancorp Inc  NECB.OQ  reported
quarterly
adjusted earnings of 75 cents​​ per share for the quarter ended
in June. The lone analyst forecast for the quarter was
for earnings of 65 cents per share.
    * Revenue rose 77.9% to $25.04 million from a year ago;
analysts
expected $22.37 million. 
    * Northeast Community Bancorp Inc's reported EPS for the
quarter
was 75 cents​.
    * The mean earnings estimate of analysts had risen by
about 8.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Northeast Community Bancorp Inc shares had risen by 6.0%
this
quarter and gained 5.8% so far this year.
    * The company reported quarterly net income of $11.09
million.
    * Wall Street's median 12-month price target for Northeast
Community Bancorp Inc is $17.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
26 at 08:35 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.65           0.75           Beat
 Mar. 31 2023      0.61           0.77           Beat
 Dec. 31 2022      0.56           0.54           Missed
 Sep. 30 2022      0.37           0.49           Beat