Kearny Financial Q3 2024 Adj EPS $0.12 Beats $0.10 Estimate, Sales $34.319M Miss $34.380M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kearny Financial (NASDAQ:KRNY) reported Q3 2024 adjusted EPS of $0.12, surpassing the $0.10 estimate, but its sales of $34.319M fell short of the $34.380M forecast. This represents a 29.41% decrease in earnings and a 19.00% decrease in sales from the same period last year.
April 25, 2024 | 12:33 pm
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Kearny Financial reported higher than expected Q3 2024 EPS at $0.12 but missed sales estimates, with a significant year-over-year decrease in both metrics.
While beating EPS estimates typically has a positive impact on stock price, the miss on sales estimates and the significant decrease in both earnings and sales from the previous year could temper investor enthusiasm. The mixed results present a neutral outlook in the short term as investors weigh the positive EPS surprise against the broader financial declines.
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