Provident Bancorp Inc (Maryland) reports results for the quarter ended in January 1 - Earnings Summary

Provident Bancorp (Maryland)

27/10/2024 15:49

* Provident Bancorp Inc (Maryland)  PVBC.OQ  reported
quarterly
adjusted earnings of 4 cents​​ per share for the quarter ended
January 1, lower than the same quarter last year, when the
company reported EPS of 15 cents.  The lone analyst forecast for
the quarter was for earnings of 7 cents per share. 
    * Revenue fell 9.8% to $14.12 million from a year ago;
analysts
expected $13.70 million. 
    * Provident Bancorp Inc (Maryland)'s reported EPS for the
quarter
was 4 cents​.
    * The company reported quarterly net income of $716
thousand.
    * Provident Bancorp Inc (Maryland) shares had fallen by 0.2%
this
quarter and gained 7.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 Provident Bancorp
Inc (Maryland) is 11.00 
This summary was machine generated from LSEG data October 27 at
03:49 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
 Sep. 30 2024      0.07           0.04           Missed
 Jun. 30 2024      0.05           -0.20          Missed
 Mar. 31 2024      0.07           0.30           Beat
 Dec. 31 2023      0.12           0.18           Beat