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For the quarter ended June 2024, Provident Financial (PROV) reported revenue of $9.92 million, down 4.4% over the same period last year. EPS came in at $0.28, compared to $0.26 in the year-ago quarter.
The reported revenue represents a surprise of +3.69% over the Zacks Consensus Estimate of $9.57 million. With the consensus EPS estimate being $0.23, the EPS surprise was +21.74%.
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:
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Net Interest Margin: 2.7% versus 2.8% estimated by two analysts on average.
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Efficiency ratio: 72.3% compared to the 75.1% average estimate based on two analysts.
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Total Non-Interest Income: $1.47 million versus $0.93 million estimated by two analysts on average.
View all Key Company Metrics for Provident Financial here>>>
Shares of Provident Financial have returned +4.4% over the past month versus the Zacks S&P 500 composite's -0.2% 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 Holdings, Inc. (PROV) : Free Stock Analysis Report