Provident Financial Services Earnings Preview

Before you go, we thought you'd like these...
Before you go close icon

Provident Financial Services (NYS: PFS) came in under analyst's estimates last quarter, but now have a chance to fix things this quarter. The company will unveil its latest earnings on Friday, April 27. Provident Financial Services, through its subsidiary bank, provides a range of banking services to individual and business customers through branch offices in New Jersey.

What analysts say:

  • Buy, sell, or hold?: Half of analysts think investors should stand pat on Provident Financial Services while the remaining half rate the stock as a buy.
  • Revenue Forecasts: On average, analysts predict $53.7 million in revenue this quarter. That would represent a rise of 0.4% 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 $0.28.

What our community says:
The majority of CAPS All-Stars are wary about the future of PFS, with 66.7% assigning it an "underperform" rating. The community is divided on the stock with 50% Fools giving it an "outperform" rating and 50% an "underperform" rating. Provident Financial Services has a CAPS rating of zero out of five stars.


Management:
Provident Financial Services' profit has risen year-over-year by an average of 15.5% over the past five quarters. Revenue has fallen for the past three quarters.

Now, a look at how efficient management has been at running the business. Margins are a representation of how efficiently a company captures portions of sales dollars. For four quarters in a row, the company has seen increases in net margins year-over-year. Net margins reflect what percentage of revenue becomes profit. Here is how Provident Financial Services has been doing for the last four quarters:

Quarter

Q4

Q3

Q2

Q1

Net Margin

19.6%

20.0%

17.9%

16.9%

One final thing: If you want to keep tabs on Provident Financial Services movements, and for more analysis on the company, make sure you add it to your Watchlist.

At the time this article was published Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners