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

Ponce Financial

01/05/2024 24:50

* Ponce Financial Group Inc  PDLB.OQ  reported quarterly
adjusted
earnings of 11 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 1 cents.  The lone analyst forecast for the
quarter was for a loss of 3 cents per share. 
    * Revenue rose 23.5% to $18.82 million from a year ago;
analysts
expected $17.30 million. 
    * Ponce Financial Group Inc's reported EPS for the quarter
was 11
cents​.
    * The company reported quarterly net income of $2.41
million.
    * Ponce Financial Group Inc shares had fallen by 9.0% this
quarter and lost 17.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 April 30 at
11:50 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      -0.03          0.11           Beat
 Dec. 31 2023      0.01           0.02           Beat
 Sep. 30 2023      -0.07          0.12           Beat
 Jun. 30 2023      -0.10          0.00           Beat