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

Northeast Community Bancorp

29/04/2024 13:01

* Northeast Community Bancorp Inc  NECB.OQ  reported
quarterly
adjusted earnings of 86 cents​​ per share for the quarter ended
in March, higher than the same quarter last year, when the
company reported EPS of 77 cents.  The lone analyst forecast for
the quarter was for earnings of 72 cents per share. 
    * Revenue rose 6.6% to $25.54 million from a year ago;
analysts
expected $25.72 million. 
    * Northeast Community Bancorp Inc's reported EPS for the
quarter
was 86 cents​.
    * The company reported quarterly net income of $11.37
million.
    * Northeast Community Bancorp Inc shares had risen by 1.0%
this
quarter and lost 10.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.7%
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 $18.00 
This summary was machine generated from LSEG data April 29 at
12:01 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
 Mar. 31 2024      0.72           0.86           Beat
 Dec. 31 2023      0.79           0.82           Beat
 Sep. 30 2023      0.68           0.80           Beat
 Jun. 30 2023      0.65           0.75           Beat