Northfield Bancorp (NFBK) Matches Q3 Earnings Estimates

Core Viewpoint - Northfield Bancorp reported quarterly earnings of $0.16 per share, matching the Zacks Consensus Estimate, but down from $0.19 per share a year ago [1] - The company posted revenues of $31.81 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 1.53% [1] Earnings Performance - Northfield's earnings of $0.16 per share were in line with expectations, while the previous quarter's earnings were $0.17, exceeding the estimate by 21.43% [1][2] - Over the last four quarters, Northfield has surpassed consensus EPS estimates two times [1] Revenue Analysis - The company's revenues of $31.81 million for the recent quarter were unchanged from the previous year and missed the consensus estimate [1] - Northfield has topped consensus revenue estimates three times over the last four quarters [1] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.18 on revenues of $32.85 million, and for the current fiscal year, it is $0.67 on revenues of $127.27 million [4] - The estimate revisions trend for Northfield is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [4] Industry Context - The Financial - Savings and Loan industry, to which Northfield belongs, is currently in the top 22% of over 250 Zacks industries, suggesting a positive outlook for stocks in this sector [5] - Another company in the same industry, Provident Financial, is expected to report quarterly earnings of $0.46 per share, reflecting a year-over-year increase of 21.1% [5]