Provident Finl Servs Q3 EPS $0.36 Misses $0.47 Estimate, Sales $183.70M Miss $187.85M Estimate
Portfolio Pulse from Benzinga Newsdesk
Provident Financial Services reported Q3 earnings per share of $0.36, missing the $0.47 estimate, and sales of $183.70M, missing the $187.85M estimate. Despite the misses, sales increased by 90.89% compared to the previous year.
October 29, 2024 | 9:20 pm
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NEGATIVE IMPACT
Provident Financial Services reported Q3 EPS of $0.36, missing the $0.47 estimate by 23.4%. Sales were $183.70M, missing the $187.85M estimate by 2.21%, but up 90.89% YoY.
The significant miss on both EPS and sales estimates is likely to negatively impact PFS's stock price in the short term. However, the substantial year-over-year sales growth may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100