Provident Financial (PROV) Surpasses Q1 Earnings Estimates

Core Insights - Provident Financial (PROV) reported quarterly earnings of $0.28 per share, exceeding the Zacks Consensus Estimate of $0.25 per share, and showing an increase from $0.25 per share a year ago, resulting in an earnings surprise of 12% [1] - The company posted revenues of $9.52 million for the quarter ended September 2024, which was 2.26% below the Zacks Consensus Estimate and a decrease from $9.89 million year-over-year [2] - Provident Financial shares have increased approximately 22.9% year-to-date, outperforming the S&P 500's gain of 21.8% [3] Earnings Performance - Over the last four quarters, Provident Financial has surpassed consensus EPS estimates three times [2] - The current consensus EPS estimate for the upcoming quarter is $0.28 on revenues of $10.09 million, and for the current fiscal year, it is $1 on revenues of $39.19 million [7] Market Outlook - The sustainability of the stock's price movement will largely depend on management's commentary during the earnings call [3] - The estimate revisions trend for Provident Financial is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] - The Financial - Savings and Loan industry is currently in the top 20% of Zacks industries, suggesting a favorable outlook for stocks within this sector [8] Comparative Analysis - BankFinancial (BFIN), another company in the same industry, is expected to report quarterly earnings of $0.20 per share, reflecting a year-over-year increase of 5.3%, with revenues projected at $14.2 million, up 0.1% from the previous year [9]