Valley National Bancorp (NASDAQ: VLY) has announced that it will be releasing its financial results for the third quarter of 2024 on Thursday 24th October 2024. The report will be made available before market open, allowing investors and analysts to evaluate the company's performance during this period.
As per the projections made by financial experts on Wall Street, the organization is expected to announce an estimated $0.18 profit per share for the quarter. Moreover, the firm is likely to disclose a quarterly revenue of $466.77 million.
The earnings report for the corresponding quarter of the prior year unveiled a per-share income of $0.26. This was a direct result of the company's total revenue, which amounted to an impressive $471.08 million during that specific period.
Wall street experts have shared their forecasts for the company's annual performance, indicating that they predict the company will achieve a total revenue of $1.85 billion. Additionally, they are expecting the earnings per share for the company to hit profit of $0.69 during the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.13 | -53.6% | 452.90 M | -5.6% |
| Q1 2024 | $0.19 | -36.7% | 454.96 M | -7.2% |
| Q4 2023 | $0.22 | -37.1% | 449.97 M | -13.2% |
| Q3 2023 | $0.26 | -25.7% | 471.08 M | -7.7% |
| Q2 2023 | $0.28 | -12.5% | 479.84 M | +0.7% |
| *Growth on year-over-year basis | ||||
Additionally, The company will host a conference call with investors and analysts on 24th October 2024 at 11:00 AM eastern time to review the Q3 2024 financial results.
Valley National Bancorp (VLY) shares traded as low as $8.89 and as high as $9.02 on a day volume of 3.31 million shares, closed Tuesday's regular trading session at $8.99, an advance of 0.56 percent.
