Provident Financial Services Inc (PFS) Q3 2024: Everything You Need to Know Ahead of Earnings

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Oct 29, 2024
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Provident Financial Services Inc (PFS, Financial) is set to release its Q3 2024 earnings on Oct 30, 2024. The consensus estimate for Q3 2024 revenue is $187.85 million, and the earnings are expected to come in at $0.43 per share. The full year 2024's revenue is expected to be $611.37 million, and the earnings are expected to be $1.22 per share. More detailed estimate data can be found on the Forecast page.

Provident Financial Services Inc (PFS, Financial) Estimates Trends

Over the past 90 days, revenue estimates for Provident Financial Services Inc (PFS) for the full year 2024 have increased from $597.86 million to $611.37 million and from $764.94 million to $776.39 million for 2025. Earnings estimates for the full year 2024 have increased from $1.14 per share to $1.22 per share, while estimates for 2025 have slightly declined from $2.22 per share to $2.21 per share.

Provident Financial Services Inc (PFS, Financial) Reported History

In the previous quarter of 2024-06-30, Provident Financial Services Inc's (PFS) actual revenue was $141.51 million, which beat analysts' revenue expectations of $118.55 million by 19.37%. Provident Financial Services Inc's (PFS) actual earnings were -$0.11 per share, which beat analysts' earnings expectations of -$0.20 per share by 43.88%. After releasing the results, Provident Financial Services Inc (PFS) was up by 3.11% in one day.

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Provident Financial Services Inc (PFS, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 5 analysts, the average target price for Provident Financial Services Inc (PFS) is $22 with a high estimate of $24 and a low estimate of $20. The average target implies an upside of 13.87% from the current price of $19.32.

Based on GuruFocus estimates, the estimated GF Value for Provident Financial Services Inc (PFS, Financial) in one year is $23.55, suggesting an upside of 21.89% from the current price of $19.32.

Based on the consensus recommendation from 5 brokerage firms, Provident Financial Services Inc's (PFS, Financial) average brokerage recommendation is currently 2.2, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

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This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.