Kearny Financial (NASDAQ:KRNY) is set to announce first quarter earning results on Thursday 29th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, KRNY to report 1Q21 income of $ 0.11 per share.
For the full year, analysts anticipate top line of $ 172.98 million, while looking forward to income of $ 0.53 per share bottom line.
Previous Quarter Performance
Kearny Financial unwinded income for the fourth quarter of $ 0.17 per share, from the revenue of $ 40.45 million. The quarterly earnings raised 54.55 percent while revenues grew 8.88 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.05 per share from $ 38.41 million in revenue. The bottom line results beat street analysts by $ 0.12 or 240.00 percent, at the same time, top line results outshined analysts by $ 2.04 million or 5.31 percent.
Stock Performance
Shares of Kearny Financial traded low $ -0.20 or -2.23 percent on Wednesday, reaching $ 8.55 with volume of 273.10 thousand shares. Kearny Financial has traded high as $ 8.70 and has cracked $ 8.51 on the downward trend
According to the previous trading day, closing price of $ 8.55, representing a 26.48 % increase from the 52 week low of $ 6.91 and a 39.31 % decrease over the 52 week high of $ 14.40.
The company has a market capital of $ 764.92 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 $ 9.00 target price.
Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. The company offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.
