Provident Financial (PROV - Free Report) reported $9.41 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 9.4%. EPS of $0.22 for the same period compares to $0.33 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $9.72 million, representing a surprise of -3.17%. The company delivered an EPS surprise of -8.33%, with the consensus EPS estimate being $0.24.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Provident Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin: 2.7% versus the two-analyst average estimate of 2.8%.
- Efficiency ratio: 76.2% versus the two-analyst average estimate of 73.8%.
- Total Non-Interest Income: $0.85 million versus the two-analyst average estimate of $0.97 million.
View all Key Company Metrics for Provident Financial here>>>Shares of Provident Financial have returned -3.6% over the past month versus the Zacks S&P 500 composite's -2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Provident Financial (PROV - Free Report) reported $9.41 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 9.4%. EPS of $0.22 for the same period compares to $0.33 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $9.72 million, representing a surprise of -3.17%. The company delivered an EPS surprise of -8.33%, with the consensus EPS estimate being $0.24.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Provident Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin: 2.7% versus the two-analyst average estimate of 2.8%.
- Efficiency ratio: 76.2% versus the two-analyst average estimate of 73.8%.
- Total Non-Interest Income: $0.85 million versus the two-analyst average estimate of $0.97 million.
View all Key Company Metrics for Provident Financial here>>>Shares of Provident Financial have returned -3.6% over the past month versus the Zacks S&P 500 composite's -2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.
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