Provident Finl Servs Q2 2024 Adj EPS $0.10 Misses $0.35 Estimate, Sales $141.506M Beat $118.545M Estimate
Portfolio Pulse from Benzinga Newsdesk
Provident Financial Services (NYSE:PFS) reported Q2 2024 adjusted EPS of $0.10, missing the analyst estimate of $0.35 by 71.43%. However, the company reported sales of $141.506 million, beating the estimate of $118.545 million by 19.37%. This represents a 19.42% increase over the same period last year.
July 25, 2024 | 9:58 pm
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NEUTRAL IMPACT
Provident Financial Services reported mixed Q2 2024 results with EPS missing estimates by 71.43%, but sales beating expectations by 19.37% and showing a 19.42% YoY increase.
The significant miss on EPS is likely to weigh on the stock price negatively, but the strong sales performance and YoY growth could provide some support. Overall, the mixed results may lead to a neutral short-term impact.
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RELEVANCE 100