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

Provident Financial Services

28/04/2023 24:18

* Provident Financial Services Inc  PFS.N  reported
quarterly
adjusted earnings of 54 cents​​ per share for the quarter ended
in March. The mean expectation of four analysts for the quarter
was for earnings of 58 cents per share.
    * Revenue rose 14.6% to $108.32 million from a year ago;
analysts
expected $112.02 million. 
    * Provident Financial Services Inc's reported EPS for the
quarter
was 54 cents​.
    * The mean earnings estimate of analysts had fallen by
about 5.7%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Provident Financial Services Inc shares had fallen by 9.7%
this
quarter and lost 19.0% so far this year.
    * The company reported quarterly net income of $40.54
million.
    * Wall Street's median 12-month price target for Provident
Financial Services Inc is $24.00 
    * 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
April 27 at 11:18 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.52           0.53           Beat