Provident Financial (PROV) Lags Q2 Earnings and Revenue Estimates

Core Viewpoint - Provident Financial reported quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.26 per share, representing a 50% earnings surprise [1]. Financial Performance - The company posted revenues of $9.6 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 3.62%, and showing a slight decline from $9.65 million year-over-year [2]. - Over the last four quarters, Provident Financial has surpassed consensus EPS estimates two times and topped revenue estimates just once [2]. Stock Performance - Provident Financial shares have decreased by approximately 0.2% since the beginning of the year, while the S&P 500 has gained 2.2% [3]. - The current Zacks Rank for Provident Financial is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.27 on revenues of $10.12 million, and for the current fiscal year, it is $1.05 on revenues of $39.55 million [7]. - The estimate revisions trend for Provident Financial is mixed, and future changes in estimates will be closely monitored following the recent earnings report [6][7]. Industry Context - The Financial - Savings and Loan industry is currently in the top 11% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8].