Pas soon as Financial (PDLB) got here out with quarterly earnings of $0.03 per share, in keeping with the Zacks Consensus Estimate. This compares to earnings of $0.35 per share a yr in the past. These figures are adjusted for non-recurring objects.
1 / 4 in the past, it was anticipated that this holding firm of Ponce Bank would publish earnings of $0.04 per share when it really produced a lack of $0.31, delivering a shock of -875%.
Over the final 4 quarters, the corporate has not been in a position to surpass consensus EPS estimates.
The sustainability of the stock’s rapid worth motion based mostly on the recently-released numbers and future earnings expectations will largely rely upon administration’s commentary on the earnings name.
Ponce Financial shares have misplaced about 35.7% because the starting of the yr versus the S&P 500’s decline of -14.6%.
What’s Next for Ponce Financial?
While Ponce Financial has underperformed the market thus far this yr, the query that involves traders’ minds is: what’s subsequent for the stock?
There aren’t any simple solutions to this key query, however one dependable measure that may assist traders tackle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified recently.
Empirical analysis reveals a powerful correlation between near-term stock actions and developments in earnings estimate revisions. Investors can monitor such revisions by themselves or depend on a tried-and-tested score software just like the Zacks Rank, which has a powerful monitor file of harnessing the ability of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions pattern for Ponce Financial: blended. While the magnitude and course of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Hold) for the stock. So, the shares are anticipated to carry out in keeping with the market within the close to future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It will probably be attention-grabbing to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $0.03 on $17.9 million in revenues for the approaching quarter and $0.21 on $73.4 million in revenues for the present fiscal yr.
Investors must be aware of the truth that the outlook for the trade can have a fabric impression on the efficiency of the stock as properly. In phrases of the Zacks Industry Rank, Financial – Miscellaneous Services is at the moment within the backside 24% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
Atlanticus Holdings Corporation (ATLC), one other stock in the identical trade, has but to report outcomes for the quarter ended June 2022.
This firm is anticipated to publish quarterly earnings of $1.45 per share in its upcoming report, which represents a year-over-year change of -7.1%. The consensus EPS estimate for the quarter has remained unchanged during the last 30 days.
Atlanticus Holdings Corporation’s revenues are anticipated to be $239.53 million, up 31.5% from the year-ago quarter.
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Ponce Financial Group, Inc. (PDLB): Free Stock Analysis Report
Atlanticus Holdings Corporation (ATLC): Free Stock Analysis Report
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