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

Ponce Financial

31/07/2024 24:23

* Ponce Financial Group Inc  PDLB.OQ  reported quarterly
adjusted
earnings of 14 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported breakeven earnings per share.  The lone analyst
forecast for the quarter was for earnings of one cent per share.
    * Revenue rose 10% to $17.90 million from a year ago;
analysts
expected $18.10 million. 
    * Ponce Financial Group Inc's reported EPS for the quarter
was 14
cents​.
    * The company reported quarterly net income of $3.12
million.
    * Ponce Financial Group Inc shares had risen by 7.7% this
quarter and gained 0.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 150%
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 $11.00 
This summary was machine generated from LSEG data July 30 at
11:23 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      0.01           0.14           Beat
 Mar. 31 2024      -0.07          0.11           Beat
 Dec. 31 2023      0.01                          
 Sep. 30 2023      -0.07