Provident Financial Services Inc reports results for the quarter ended in September 30 - Earnings Summary
Provident Financial Services Inc PFS.N reported quarterly adjusted earnings of 36 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 41 cents. The mean expectation of five analysts for the quarter was for earnings of 47 cents per share. Wall Street expected results to range from 44 cents to 49 cents per share.
Revenue rose 106.4% to $198.60 million from a year ago; analysts expected $187.85 million.
Provident Financial Services Inc's reported EPS for the quarter was 36 cents.
The company reported quarterly net income of $46.41 million.
Provident Financial Services Inc shares had risen by 4.1% this quarter and gained 7.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 0.4% 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 4 "strong buy" or "buy," 1 "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 $22.00
This summary was machine generated from LSEG data October 30 at 03:13 a.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 |
Sep. 30 2024 | 0.47 | 0.36 | Missed |
Jun. 30 2024 | 0.35 | -0.11 | Missed |
Mar. 31 2024 | 0.40 | 0.43 | Beat |
Dec. 31 2023 | 0.40 | 0.44 | Beat |
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