Kearny Financial Q4 Adj $0.19 Beats $0.14 Estimate, Sales $40.18M Beat $39.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kearny Financial (NASDAQ:KRNY) reported Q4 earnings of $0.19 per share, beating the analyst consensus estimate of $0.14 by 35.71%. This is a 5.56% increase from the same period last year. The company also reported quarterly sales of $40.18 million, beating the analyst consensus estimate of $39.11 million by 2.74%. However, this is a 20.59% decrease from the same period last year.
July 27, 2023 | 12:35 pm
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NEUTRAL IMPACT
Kearny Financial's Q4 earnings and sales beat estimates, which could positively impact the stock price. However, the significant decrease in sales YoY might temper this impact.
Kearny Financial's earnings beat estimates, which is typically a positive signal for the stock price. However, the significant decrease in sales compared to the same period last year might be a concern for investors, potentially offsetting the positive impact of the earnings beat.
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RELEVANCE 100