Advertisement
UK markets open in 7 hours 54 minutes

  • NIKKEI 225

    38,556.87
    -298.50 (-0.77%)
     

  • HANG SENG

    18,477.01
    -344.15 (-1.83%)
     

  • CRUDE OIL

    79.28
    +0.05 (+0.06%)
     

  • GOLD FUTURES

    2,336.10
    -5.10 (-0.22%)
     

  • DOW

    38,441.54
    -411.32 (-1.06%)
     

  • Bitcoin GBP

    53,257.95
    -713.77 (-1.32%)
     

  • CMC Crypto 200

    1,454.61
    -30.09 (-2.03%)
     

  • NASDAQ Composite

    16,920.58
    -99.30 (-0.58%)
     

  • UK FTSE All Share

    4,465.63
    -41.16 (-0.91%)
     
Money:

Should you support your children at university or help them on to property ladder?

What parents should consider before making a financial decision

Compared to Estimates, Provident Financial (PROV) Q3 Earnings: A Look at Key Metrics

Zacks Equity Research
·2-min read

Provident Financial (PROV) reported $9.41 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 9.4%. EPS of $0.22 for the same period compares to $0.33 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $9.72 million, representing a surprise of -3.17%. The company delivered an EPS surprise of -8.33%, with the consensus EPS estimate being $0.24.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

ADVERTISEMENT

Here is how Provident Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net Interest Margin: 2.7% versus the two-analyst average estimate of 2.8%.

  • Efficiency ratio: 76.2% versus the two-analyst average estimate of 73.8%.

  • Total Non-Interest Income: $0.85 million versus the two-analyst average estimate of $0.97 million.

View all Key Company Metrics for Provident Financial here>>>

Shares of Provident Financial have returned -3.6% over the past month versus the Zacks S&P 500 composite's -2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Provident Financial Holdings, Inc. (PROV) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research