New York Community Bancorp, Inc. (NYSE:NYCB) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on January 25, 2017. The stock added about 11.1 percent in price since last results when it was at $14.19 a share. Based on the most relevant past-periods data, there is an 55.56 percent probability for this firm’s share price to go down following next quarterly results. Earnings reaction history tells us that the equity price moved down 10 times out of last 18 reported quarters. It has beaten earnings-per-share estimates 50% of the time in its last 12 earnings reports. It fell short of earnings estimates on 3 occasions, and it has met expectations 3 times.
Here’s how traders responded to NYCB earnings announcements over the past few quarters.
New York Community Bancorp, Inc. (NYCB) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 0.1 percent over the past four quarters. Back on October 26, 2016, it posted earnings per-share earnings at $0.26 which missed the consensus $0.27 projection (negative surprise of-3.7%). For the quarter, revenue came in at 318.42M versus consensus estimate of 324.37M. The stock gained 1.34 percent the session following the earnings reports were released, and on 7th day price change was -1.13 percent.
On July 27, 2016, it reported earnings at $0.26 a share compared with the consensus estimate of $0.28 per share (negative surprise of -7.14%). Revenue of 325.57M for that quarter was above the $323.76M analysts had expected. The stock retreated -2.93% the day following the earnings announcement, and on 7th day price change was -2.23%.
On April 20, 2016, it recorded $0.27 a share in earnings which missed the consensus estimate of $0.28 (negative surprise of -3.57%). Revenue for the quarter was $327.87M while analysts called for revenues to be $323.53M. The stock dropped -2.6% the day following the earnings data was made public, and on 7th day price change was -3.31%.
On January 27, 2016, it announced earnings per share at $0.31 versus the consensus estimate of $0.27 per share (positive surprise of 14.81%). That came on revenues of $-0.45B for that period. Analysts had expected $299.66M in revenue.
New York Community Bancorp, Inc. Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.25. The analysts’ present consensus range is $0.24-$0.27 for EPS. The market consensus range for revenue is between $311.57M and $404M, with an average of $328.69M.
New York Community Bancorp, Inc. (NYSE:NYCB) last ended at $15.85, sending the company’s market cap near $7.72B. The consensus 12-month price target from analysts covering the stock is $16.45. The share price has declined -10.35% from its top level in 52 weeks and advanced -0.38% this year. It recently traded in a range of $15.68-$15.9 at a volume of 2457677 shares. The recent trading ended with the price nearly -0.44 lower for the last 5 trading days, rebounding 15.98% from its 52-week low.