Ponce Financial Group Inc reports results for the quarter ended in December - Earnings Summary

Ponce Financial

30/01/2024 22:52

* Ponce Financial Group Inc  PDLB.OQ  reported quarterly
adjusted
earnings of 2 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -40 cents.  The lone analyst forecast
for the quarter was for earnings of one cent per share. 
    * Revenue rose 6.4% to $17.20 million from a year ago;
analysts
expected $16.70 million. 
    * Ponce Financial Group Inc's reported EPS for the quarter
was 2
cents​.
    * The company reported quarterly net income of $518
thousand.
    * Ponce Financial Group Inc shares had fallen by 3.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 114.3%
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
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "strong buy"

Wall Street's median 12-month price target for Ponce Financial
Group Inc is $10.00 
This summary was machine generated from LSEG data January 30 at
10:52 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
 Dec. 31 2023      0.01           0.02           Beat
 Sep. 30 2023      -0.07          0.12           Beat
 Jun. 30 2023      -0.10          0.00           Beat
 Mar. 31 2023      -0.08          0.01           Beat