New York Community Bancorp Earnings Preview

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After beating estimates last quarter by 4 cents, New York Community Bancorp (NYS: NYB) has set the standard for itself. The company will unveil its latest earnings on Wednesday. New York Community Bancorp is the holding company for New York Community Bank and New York Commercial Bank, which produce multifamily loans in New York City.

What analysts say:

  • Buy, sell, or hold?: Analysts think investors should stand pat on New York Community Bancorp with nine of 17 analysts rating it hold. Analysts like New York Community Bancorp better than competitor Hudson City Bancorp overall. Zero out of 14 analysts rate Hudson City Bancorp a buy compared to seven of 17 for New York Community Bancorp.
  • Revenue forecasts: On average, analysts predict $301.9 million in revenue this quarter. That would represent a rise of 5.5% from the year-ago quarter.
  • Wall Street earnings expectations: The average analyst estimate is earnings of $0.27 per share. Estimates range from $0.26 to $0.29.

What our community says:
CAPS All-Stars are solidly backing the stock with 94.7% giving it an outperform rating. The community at large agrees with the All-Stars with 94.5% assigning it a rating of outperform. Fools are gung-ho about New York Community Bancorp, though the message boards have been quiet lately with only 96 posts in the past 30 days. Even with a robust four out of five stars, New York Community Bancorp's CAPS rating falls a little short of the community's upbeat outlook.

Management:
New York Community Bancorp's profit has risen year over year by an average of 4.5% over the past five quarters. Revenue has fallen for the past three quarters.

Now let's look at how efficient management is at running the business. Traditionally, margins represent the efficiency with which companies capture portions of sales dollars. The following table shows net margins over the past four quarters.

Quarter

Q2

Q1

Q4

Q3

Net Margin

21.9%

23.3%

25.2%

23.6%

One final thing: If you want to keep tabs on New York Community Bancorp movements, and for more analysis on the company, make sure you add it to your watchlist.

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At the time this article was published

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