Provident Bancorp Q1 EPS $0.30 Beats $0.07 Estimate
Portfolio Pulse from Benzinga Newsdesk
Provident Bancorp (NASDAQ:PVBC) reported Q1 earnings of $0.30 per share, surpassing the analyst consensus estimate of $0.07 by 328.57%. This represents a 130.77% increase from the $0.13 per share earned in the same period last year.
April 25, 2024 | 8:34 pm
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Provident Bancorp reported a significant earnings beat for Q1, with earnings of $0.30 per share against estimates of $0.07, a 328.57% beat, and a 130.77% increase from last year.
The substantial beat on earnings estimates and the significant year-over-year growth indicate strong financial performance and operational efficiency. This is likely to instill investor confidence and could lead to a positive short-term impact on PVBC's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100