Provident Financial Services, Inc (NYSE:PFS) banking and financial services provider, is reporting third quarter earnings results on Friday 30th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.18 per share.
For the full year, analysts predict revenues of $ 310.64 million, while looking forward to income of $ 0.94 per share.
Previous Quarter Performance
Provident Financial Services, Inc unfold income for the second quarter of $ 0.22 per share, from the revenue of $ 69.83 million. The quarterly earnings fell 42.11 percent while revenues dropped 8.79 percent compared with the same quarter last year.
According to street consensus, PFS was expected to report 2Q20 income of $ 0.15 per share from revenue of $ 72.23 million. The bottom line results beat street analysts by $ 0.07 or 46.67 percent, at the same time, top line results fell short of analysts by $ 2.4 million or 3.32 percent.
Stock Performance
Shares of Provident Financial Services, Inc traded up $ 0.27 or 2.06 percent on Thursday, reaching $ 13.37 with volume of 225.60 thousand shares. Provident Financial Services, Inc has traded high as $ 13.43 and has cracked $ 12.82 on the downward trend
According to the previous trading day, closing price of $ 13.37, representing a 44.75 % increase from the 52 week low of $ 9.05 and a 48.61 % decrease over the 52 week high of $ 25.49.
The company has a market capital of $ 880.73 million and is part of the Financial Services sector and Savings & Cooperative Banks industry.
Recent Analyst recommendations
- On 28th September 2020, maintained by Piper Sandler at Overweight rating, with $ 15.00 target price.
Conference Call
Provident Financial Services, Inc will be hosting a conference call at 10:00 AM eastern time on 30th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.provident.bank
Provident Financial Services, Inc. operates as the holding company for Provident Bank that provides various banking services to individuals, families, and businesses in the United States. The companys deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA, and KEOGH products.
