Earnings Preview: Northeast Community Bancorp (NECB) Q3 Earnings Expected to Decline

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Northeast Community Bancorp (NECB) due to lower revenues, with actual results being crucial for stock price movement [1][2]. Company Summary - Northeast Community Bancorp is expected to report quarterly earnings of $0.84 per share, reflecting an 11.6% decrease year-over-year. Revenues are projected at $26.8 million, down 3% from the previous year [3]. - The consensus EPS estimate has been revised 4.94% higher in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for NECB matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%. The company holds a Zacks Rank of 1 (Strong Buy) [12]. Earnings Surprise History - In the last reported quarter, NECB was expected to post earnings of $0.79 per share but exceeded expectations with earnings of $0.82, resulting in a surprise of +3.80%. Over the last four quarters, the company has beaten consensus EPS estimates three times [14][15]. Industry Comparison - Eastern Bankshares, Inc. (EBC), another player in the Northeast banking sector, is expected to report earnings of $0.40 per share, indicating a 60% year-over-year increase. Revenues are anticipated to be $243.9 million, up 19.9% from the previous year [20]. - The consensus EPS estimate for EBC has been revised 0.6% higher in the last 30 days, but it currently has an Earnings ESP of -4.23%, making it challenging to predict a beat against the consensus EPS estimate [21].