Dime Community (DCOM - Free Report) reported $84.41 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 23.1%. EPS of $0.56 for the same period compares to $0.95 a year ago.
The reported revenue represents a surprise of -2.58% over the Zacks Consensus Estimate of $86.65 million. With the consensus EPS estimate being $0.55, the EPS surprise was +1.82%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Dime Community performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 59.7% compared to the 60.5% average estimate based on two analysts.
- Net Interest Margin: 2.3% versus the two-analyst average estimate of 2.4%.
- Average Balance - Total interest-earning assets: $12.98 billion versus $12.98 billion estimated by two analysts on average.
- Net Interest Income: $76.48 million versus the two-analyst average estimate of $77.22 million.
- BOLI income: $2.32 million versus the two-analyst average estimate of $2.18 million.
- Loan level derivative income: $0.78 million versus $1.35 million estimated by two analysts on average.
- Non-interest income- Other: $0.54 million versus the two-analyst average estimate of $0.58 million.
- Service charges and other fees: $3.96 million versus the two-analyst average estimate of $4.55 million.
- Total Non-Interest Income: $7.93 million versus the two-analyst average estimate of $9.92 million.
View all Key Company Metrics for Dime Community here>>>Shares of Dime Community have returned +1.1% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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Dime Community (DCOM - Free Report) reported $84.41 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 23.1%. EPS of $0.56 for the same period compares to $0.95 a year ago.
The reported revenue represents a surprise of -2.58% over the Zacks Consensus Estimate of $86.65 million. With the consensus EPS estimate being $0.55, the EPS surprise was +1.82%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Dime Community performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 59.7% compared to the 60.5% average estimate based on two analysts.
- Net Interest Margin: 2.3% versus the two-analyst average estimate of 2.4%.
- Average Balance - Total interest-earning assets: $12.98 billion versus $12.98 billion estimated by two analysts on average.
- Net Interest Income: $76.48 million versus the two-analyst average estimate of $77.22 million.
- BOLI income: $2.32 million versus the two-analyst average estimate of $2.18 million.
- Loan level derivative income: $0.78 million versus $1.35 million estimated by two analysts on average.
- Non-interest income- Other: $0.54 million versus the two-analyst average estimate of $0.58 million.
- Service charges and other fees: $3.96 million versus the two-analyst average estimate of $4.55 million.
- Total Non-Interest Income: $7.93 million versus the two-analyst average estimate of $9.92 million.
View all Key Company Metrics for Dime Community here>>>Shares of Dime Community have returned +1.1% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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