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

Provident Financial Services

25/07/2024 22:57

* Provident Financial Services Inc  PFS.N  reported a
quarterly
adjusted loss of 11 cents​​ per share for the quarter ended in
June, lower than the same quarter last year, when the company
reported EPS of 43 cents.  The mean expectation of five analysts
for the quarter was for earnings of 35 cents per share. Wall
Street expected results to range from 15 cents to 43 cents per
share.
    * Revenue rose 55.8% to $154.38 million from a year ago;
analysts
expected $118.55 million. 
    * Provident Financial Services Inc's reported EPS for the
quarter
was a loss of 11 cents​.
    * The company reported a quarterly loss of $11.49 million.
    * Provident Financial Services Inc shares had risen by 25.4%
this
quarter and lost 0.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.1%
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 "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Provident
Financial Services Inc is $18.00 
This summary was machine generated from LSEG data July 25 at
09:56 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      0.40           -0.11          Missed
 Mar. 31 2024                     0.43           
 Dec. 31 2023      0.40           0.44           Beat
 Sep. 30 2023      0.38           0.41           Beat