Flushing Financial (FFIC) Misses Q4 Earnings Estimates

Group 1: Earnings Performance - Flushing Financial reported quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of$ 0.21 per share, and down from $0.25 per share a year ago, representing an earnings surprise of -33.33% [1] - The company posted revenues of$ 57.22 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 13.64%, compared to year-ago revenues of $53.49 million [2] - Over the last four quarters, Flushing Financial has surpassed consensus EPS estimates just once, but has topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Flushing Financial shares have increased by approximately 2.9% since the beginning of the year, outperforming the S&P 500's gain of 2.2% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is$ 0.24 on $53.7 million in revenues, and$ 1.28 on $228.4 million in revenues for the current fiscal year [7] Group 3: Industry Context - The Financial - Savings and Loan industry, to which Flushing Financial belongs, is currently in the top 11% of over 250 Zacks industries, indicating a favorable outlook for stocks in this sector [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that tracking these revisions can be beneficial for investors [5] - The estimate revisions trend for Flushing Financial is currently favorable, resulting in a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [6]