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Provident Financial (PFS) reported $163.78 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 38.2%. EPS of $0.06 for the same period compares to $0.45 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $130.85 million, representing a surprise of +25.17%. The company delivered an EPS surprise of -78.57%, with the consensus EPS estimate being $0.28.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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 Provident Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
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Net Interest Margin: 3.2% versus the two-analyst average estimate of 2.9%.
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Efficiency Ratio: 57.9% compared to the 59.3% average estimate based on two analysts.
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Total Non-Interest Income: $22.28 million versus $21.46 million estimated by two analysts on average.
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Net Interest Income: $141.51 million compared to the $109.43 million average estimate based on two analysts.
View all Key Company Metrics for Provident Financial here>>>
Shares of Provident Financial have returned +34.7% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Provident Financial Services, Inc (PFS) : Free Stock Analysis Report