Group 1: Earnings Performance - Northeast Community Bancorp (NECB) reported quarterly earnings of $0.80 per share, missing the Zacks Consensus Estimate of $0.82 per share, and down from $0.82 per share a year ago, representing an earnings surprise of -2.44% [1] - The company posted revenues of $25.45 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 3.79%, and down from $26.59 million year-over-year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Group 2: Stock Performance and Outlook - Northeast Community Bancorp shares have increased approximately 5.1% since the beginning of the year, outperforming the S&P 500's gain of 3.2% [3] - The current consensus EPS estimate for the upcoming quarter is $0.74 on revenues of $25.55 million, and for the current fiscal year, it is $3.04 on revenues of $105.31 million [7] - The estimate revisions trend for Northeast Community Bancorp is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Group 3: Industry Context - The Zacks Industry Rank for Banks - Northeast is currently in the top 9% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [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) Lags Q4 Earnings and Revenue Estimates