Financial Performance - Northeast Community Bancorp (NECB) reported quarterly earnings of $0.78 per share, exceeding the Zacks Consensus Estimate of $0.77 per share, but down from $0.86 per share a year ago, representing an earnings surprise of 1.30% [1] - The company posted revenues of $25.5 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.04%, compared to revenues of $25.54 million in the same quarter last year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Performance - Northeast Community Bancorp shares have declined approximately 9.7% since the beginning of the year, while the S&P 500 has seen a decline of 10.2% [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating expectations for it to outperform the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.79 on revenues of $26.26 million, and for the current fiscal year, it is $3.18 on revenues of $105.66 million [7] - The outlook for the industry, specifically the Banks - Northeast sector, is favorable, ranking in the top 23% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8]
Northeast Community Bancorp (NECB) Beats Q1 Earnings and Revenue Estimates