New York Community Q3 2024 Adj. EPS $(0.69) Misses $(0.40) Estimate, Sales $510.000M Miss $512.805M Estimate
Portfolio Pulse from Benzinga Newsdesk
New York Community (NYSE:NYCB) reported Q3 2024 earnings per share of $(0.69), missing the $(0.40) estimate by 72.5%. Sales were $510M, slightly below the $512.805M estimate, marking a 42.18% decrease from last year.
October 25, 2024 | 11:05 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
New York Community's Q3 2024 earnings per share of $(0.69) significantly missed the $(0.40) estimate, and sales of $510M were below the $512.805M estimate. This represents a substantial decline from the previous year, indicating potential challenges for the company.
The significant miss on both EPS and sales compared to analyst estimates, along with a large year-over-year decline, suggests negative sentiment and potential downward pressure on NYCB's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100