Kearny Financial Corp reports results for the quarter ended in March - Earnings Summary
Kearny Financial Corp KRNY.OQ reported quarterly adjusted earnings of 12 cents per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 17 cents. The mean expectation of two analysts for the quarter was for earnings of 11 cents per share. Wall Street expected results to range from 8 cents to 13 cents per share.
Revenue fell 19% to $34.32 million from a year ago; analysts expected $34.38 million.
Kearny Financial Corp's reported EPS for the quarter was 12 cents.
The company reported quarterly net income of $7.4 million.
Kearny Financial Corp shares had fallen by 6.7% this quarter and lost 33.0% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 10.5% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
The average consensus recommendation for the banks peer group is also "hold"
Wall Street's median 12-month price target for Kearny Financial Corp is $6.88
This summary was machine generated from LSEG data April 25 at 03:16 p.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 |
Mar. 31 2024 | 0.11 | 0.12 | Beat |
Dec. 31 2023 | 0.05 | 0.11 | Beat |
Sep. 30 2023 | 0.14 | 0.16 | Beat |
Jun. 30 2023 | 0.14 | 0.19 | Beat |
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