Valley National Bancorp expected to post earnings of 19 cents a share - Earnings Preview

Valley National Bancorp

23/07/2024 16:33

* Valley National Bancorp  VLY.OQ   VLY.O  is expected
to show a
fall in quarterly revenue when it reports  results on July 25
for the period ending June 30 2024
    * The New York City-based  company is expected to report a
4.2% decrease in revenue to $459.866 million from $479.84
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data. (SAL represents Total Revenue)
    * ​LSEG's mean analyst estimate for Valley National Bancorp
is for
earnings of 19 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"hold" and 2 "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 Valley
National
Bancorp is $8.00​, below​ its last closing price of $8.12. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.20        0.20       0.19      Missed  -5.4
 Dec. 31 2024  0.26        0.25       0.22      Missed  -13.7
 Sep. 30 2023  0.26        0.26       0.26      Met     0.2​
 Jan. 1 0001   0.27        0.29       0.28      Missed  -2.7
 ​​Mar.        0.32        0.33       0.30      Missed  -9.5
 31 2023                                                
 Dec. 31 2022  0.36        0.36       0.35      Missed  -2.7​
 Sep. 30 2022  0.34        0.34       0.35      Beat    3
 Jun. 30 2022  0.29        0.29       0.32      Beat    11.9
 This summary was machine generated July 23 at 15:33 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)