Recap: Kearny Financial Q2 Earnings
Portfolio Pulse from Benzinga Insights
Kearny Financial (NASDAQ:KRNY) reported Q2 earnings with an EPS of $0.11, missing estimates by 8.33% against the expected $0.12. Revenue declined by $8.94 million compared to the same period last year. In the previous quarter, the company beat EPS estimates but the share price fell by 1.15% the following day. Historical earnings data shows a pattern of fluctuating EPS and revenues over the past four quarters.
January 25, 2024 | 2:35 pm
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Kearny Financial reported lower than expected Q2 earnings with an EPS of $0.11, missing the estimate by 8.33%, and a revenue decrease from the previous year.
Missing earnings estimates and reporting lower revenue are typically seen as negative indicators for a company's financial health, which can lead to a decrease in stock price in the short term. Historical data shows a slight stock price drop following the last earnings beat, suggesting that the market may have a sensitive reaction to earnings reports for KRNY.
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