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

Northeast Community Bancorp

24/07/2024 13:00

* Northeast Community Bancorp Inc  NECB.OQ  reported
quarterly
adjusted earnings of 97 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of 75 cents.  The lone analyst forecast for
the quarter was for earnings of 72 cents per share. 
    * Revenue rose 7.6% to $26.95 million from a year ago;
analysts
expected $24.69 million. 
    * Northeast Community Bancorp Inc's reported EPS for the
quarter
was 97 cents​.
    * The company reported quarterly net income of $12.8
million.
    * Northeast Community Bancorp Inc shares had risen by 26.2%
this
quarter and gained 26.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 9.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 $19.50 
This summary was machine generated from LSEG data July 24 at
12:00 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      0.72           0.97           Beat
 Mar. 31 2024      0.72           0.86           Beat
 Dec. 31 2023      0.79           0.82           Beat
 Sep. 30 2023      0.68           0.80           Beat