Group 1: Earnings Performance - Northeast Community Bancorp (NECB) reported quarterly earnings of $0.95 per share, exceeding the Zacks Consensus Estimate of $0.91 per share, and up from $0.80 per share a year ago, representing an earnings surprise of 4.40% [1] - The company posted revenues of $27.64 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 4.17%, compared to year-ago revenues of $25.35 million [2] - Over the last four quarters, the company has consistently surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Northeast Community Bancorp shares have increased approximately 53.2% since the beginning of the year, significantly outperforming the S&P 500's gain of 21.8% [3] - The current consensus EPS estimate for the upcoming quarter is $0.87 on revenues of $26.06 million, and for the current fiscal year, it is $3.61 on revenues of $106.73 million [7] - The company holds a Zacks Rank 1 (Strong Buy), indicating expectations for the stock to outperform the market in the near future [6] Group 3: Industry Context - The Zacks Industry Rank for Banks - Northeast is currently in the top 14% of over 250 Zacks industries, suggesting a favorable outlook for the industry [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]
Northeast Community Bancorp (NECB) Tops Q3 Earnings and Revenue Estimates