Provident Finl Hldgs Q2 EPS $0.31 Beats $0.25 Estimate, Sales $9.65M Miss $10.00M Estimate
Portfolio Pulse from totan@benzinga.com
Provident Financial Holdings (NASDAQ:PROV) reported Q2 earnings of $0.31 per share, surpassing the consensus estimate of $0.25 by 24%. However, the company experienced a 6.06% decrease in earnings compared to $0.33 per share from the same period last year. Quarterly sales were $9.65 million, falling short of the $10.00 million estimate by 3.51% and marking a 6.69% decrease from the previous year's sales of $10.34 million.
January 29, 2024 | 11:01 am
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PROV exceeded Q2 EPS estimates but reported lower year-over-year earnings and missed sales estimates, indicating mixed financial performance.
While the earnings per share beat may be viewed positively, the miss on sales and the year-over-year decline in both earnings and sales could temper investor enthusiasm, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100