Riverview Bancorp(RVSB) ZACKS·2024-10-24 22:11Core Viewpoint - Riverview Bancorp reported quarterly earnings of $0.07 per share, exceeding the Zacks Consensus Estimate of $0.04 per share, but down from $0.12 per share a year ago, indicating a 75% earnings surprise [1] Group 1: Earnings Performance - The company posted revenues of $12.78 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 4.78%, but down from $13.26 million year-over-year [1] - Riverview Bancorp has surpassed consensus EPS estimates two times over the last four quarters [1] - The current consensus EPS estimate for the upcoming quarter is $0.05 on revenues of $12.5 million, and for the current fiscal year, it is $0.16 on revenues of $49.4 million [4] Group 2: Stock Performance and Outlook - Riverview Bancorp shares have declined approximately 27.7% since the beginning of the year, contrasting with the S&P 500's gain of 21.5% [2] - The estimate revisions trend for Riverview Bancorp is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [4] - The company's earnings outlook will be influenced by management's commentary during the earnings call, which is crucial for understanding future stock movements [2][3] Group 3: Industry Context - The Financial - Savings and Loan industry, to which Riverview Bancorp belongs, is currently in the top 23% of over 250 Zacks industries, suggesting a favorable industry outlook [5] - Another company in the same industry, Provident Financial, is expected to report quarterly earnings of $0.25 per share, with a 7.7% upward revision in the consensus EPS estimate over the last 30 days [5]