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

Northfield Bancorp

25/04/2024 01:59

* Northfield Bancorp Inc  NFBK.OQ  reported quarterly
adjusted
earnings of 15 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 26 cents.  The mean expectation of three analysts for the
quarter was for earnings of 15 cents per share. Wall Street
expected results to range from 14 cents to 16 cents per share.
    * Revenue fell 20.1% to $27.88 million from a year ago;
analysts
expected $28.99 million. 
    * Northfield Bancorp Inc's reported EPS for the quarter was
15
cents​.
    * The company reported quarterly net income of $6.21
million.
    * Northfield Bancorp Inc shares had fallen by 8.3% this
quarter and lost 29.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.3%
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," 3
"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 Northfield
Bancorp Inc is $13.00 
This summary was machine generated from LSEG data April 25 at
12:59 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
 Mar. 31 2024      0.15           0.15           Met
 Dec. 31 2023      0.16           0.19           Beat
 Sep. 30 2023      0.19           0.19           Met
 Jun. 30 2023      0.22           0.22           Met