Valley Ntl's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Valley National Bancorp (NASDAQ:VLY) is scheduled to release its quarterly earnings report on January 25, 2024. Analysts predict an EPS of $0.25. Investors are looking for an earnings beat and positive guidance for future growth. Historically, VLY's stock price has been sensitive to earnings performance and guidance. Last quarter, VLY met the EPS estimate, resulting in a 1.52% stock price drop the following day. Over the past year, VLY shares have declined by 5.99%, trading at $10.62 as of January 23.
January 24, 2024 | 8:01 pm
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NEUTRAL IMPACT
Valley National Bancorp is expected to report an EPS of $0.25 in its upcoming earnings. Historical data shows that earnings performance and guidance have influenced VLY's stock price movements.
The short-term impact on VLY's stock price will likely depend on whether the company beats or misses the EPS estimate and the nature of the guidance provided. Historically, VLY's stock has shown sensitivity to these factors. However, given the recent performance and the exact match of last quarter's EPS to the estimate, the market may have already priced in the expected results, leading to a neutral score.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100