Provident Financial Services Inc expected to post earnings of 41 cents a share - Earnings Preview

Provident Financial Services

23/01/2024 21:41

* Provident Financial Services Inc  PFS.N   PFS  is expected
to show a fall in quarterly revenue when it reports  results on
January 25 for the period ending December 31 2023
    * The Jersey City New Jersey-based  company is expected to
report
a 25.6% decrease in revenue to $94.119 million from $126.43
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data. (Revenue Majority is on Net
Interest Income basis.)
    * ​LSEG's mean analyst estimate for Provident Financial
Services
Inc is for earnings of 41 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Provident
Financial Services Inc is $19.00​, above​ its last closing price
of $17.73. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.38        0.38       0.41      Beat    7.3
 Jun. 30 2023  0.49        0.44       0.43      Missed  -2.3
 Mar. 31 2023  0.58        0.58       0.54      Missed  -7.3​
 Dec. 31 2022  0.63        0.63       0.66      Beat    4.8
 ​​Sep.        0.58        0.58       0.58      Met     0.7
 30 2022                                                
 Jun. 30 2022  0.52        0.52       0.53      Beat    2.3​
 Mar. 31 2022  0.46        0.46       0.58      Beat    25.6
 Dec. 31 2021  0.47        0.47       0.49      Beat    5.4
 This summary was machine generated January 23 at 21:41 GMT.  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)