Northfield Bancorp (NFBK) Tops Q1 Earnings and Revenue Estimates

Company Performance - Northfield Bancorp (NFBK) reported quarterly earnings of $0.19 per share, exceeding the Zacks Consensus Estimate of $0.18 per share, and up from $0.15 per share a year ago, representing an earnings surprise of 5.56% [1] - The company posted revenues of $34.81 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.51%, compared to year-ago revenues of $31.27 million [2] - Over the last four quarters, Northfield has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Outlook - Northfield shares have declined approximately 14.3% since the beginning of the year, while the S&P 500 has decreased by 10.1% [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 $0.20 on revenues of $34.11 million, and for the current fiscal year, it is $0.82 on revenues of $138.46 million [7] Industry Context - The Financial - Savings and Loan industry, to which Northfield belongs, is currently ranked in the top 32% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]