Provident Finl Servs Q2 EPS $0.43 Misses $0.44 Estimate, Sales $118.49M Beat $114.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
Provident Financial Services (NYSE:PFS) reported Q2 earnings of $0.43 per share, missing the analyst consensus estimate of $0.44 by 2.27%. This is a decrease of 18.87% from the same period last year. However, the company reported quarterly sales of $118.49 million, beating the analyst consensus estimate of $114.13 million by 3.82%, a 19.12% increase from the same period last year.
July 28, 2023 | 5:13 am
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NEUTRAL IMPACT
Provident Financial Services' Q2 earnings missed estimates but sales exceeded expectations. This mixed result could lead to uncertain short-term price movements.
Provident Financial Services reported a miss on earnings but a beat on sales. This mixed result could lead to volatility in the stock price as investors weigh the importance of the earnings miss against the sales beat.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100