Provident Financial Services Inc reports results for the quarter ended in June - Earnings Summary

Provident Financial Services

28/07/2023 03:00

* Provident Financial Services Inc  PFS.N  reported
quarterly
adjusted earnings of 43 cents​​ per share for the quarter ended
in June. The mean expectation of five analysts for the quarter
was for earnings of 44 cents per share.
    * Revenue fell 0.4% to $99.11 million from a year ago;
analysts
expected $114.13 million. 
    * Provident Financial Services Inc's reported EPS for the
quarter
was 43 cents​.
    * The mean earnings estimate of analysts had fallen by
about 7% in
the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Provident Financial Services Inc shares had risen by 18.5%
this
quarter and lost 9.3% so far this year.
    * The company reported quarterly net income of $32 million.
    * Wall Street's median 12-month price target for Provident
Financial Services Inc is $20.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
28 at 01:59 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.44           0.43           Missed
 Mar. 31 2023      0.58           0.54           Missed
 Dec. 31 2022      0.63           0.66           Beat
 Sep. 30 2022      0.58           0.58           Met