Hanover Bancorp, Inc. (HNVR) Q4 Earnings and Revenues Top Estimates

Group 1: Earnings Performance - Hanover Bancorp, Inc. reported quarterly earnings of $0.52 per share, exceeding the Zacks Consensus Estimate of $0.49 per share, but down from $0.54 per share a year ago, representing an earnings surprise of 6.12% [1] - The company posted revenues of $18 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 2.83%, compared to year-ago revenues of $15.91 million [2] - Over the last four quarters, Hanover Bancorp has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Group 2: Stock Performance and Outlook - Hanover Bancorp shares have increased approximately 14.1% since the beginning of the year, outperforming the S&P 500's gain of 3.2% [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 $0.48 on revenues of $17.8 million, and for the current fiscal year, it is $2.36 on revenues of $75.3 million [7] Group 3: Industry Context - The Zacks Industry Rank indicates that the Banks - Northeast industry is currently in the top 9% of over 250 Zacks industries, suggesting a favorable environment for stocks in this sector [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The estimate revisions trend for Hanover Bancorp is currently mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6]